We have completed the Contracts for Difference (CfD) Interim Levy Rate (ILR) and Total Reserve Amount (TRA) forecasts for Q1 2025. These values will be communicated to suppliers in the normal way on 17 September 2024.
The ILR/TRA determination used market information data up to and including 29 August 2024.
For further detail on the timings involved in calculating the ILR and TRA forecasts and how these fit into the quarterly reconciliation process, please refer to this presentation. Please note that, whilst this presentation was delivered in a previous quarter in 2022, the process is comparable across quarters.
Additional resources on the data and processes involved in the CfD are also available in the article Reconciliations: How does money move through the CfD scheme – resources.
We have a calendar of key dates in the Supplier Obligation levy-setting process. This can be accessed at Key Dates - Low Carbon Contracts and will provide more certainty around the timings of events in the process.
If you would like us to consider any changes or additions to our dates or the data we release, please let us know at info@lowcarboncontracts.uk.
Upcoming Events:
Our quarterly webinar is an opportunity for you to ask us questions about our forecasts.
The next session will be held on October 23rd at 10am where we will also compare the outturn in Q3 2024 with our forecasts and discuss the ILR and TRA for Q1 2025.
You can register here to secure your spot.
We welcome any suggestions or feedback on what else it would be useful for us to discuss during the webinar– please send them our way via info@lowcarboncontracts.uk.