We have completed the Contracts for Difference (CfD) Interim Levy Rate (ILR) and Total Reserve Amount (TRA) forecasts for Q2 2024. These amounts will be communicated to suppliers in the normal way in mid-December 2023.
The ILR/TRA determination used market information data up to and including 29 November 2023.
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 the presentation link . Please note that, whilst this presentation was delivered as part of our Q3 2022 ILR and TRA webinar on 28 April 2022, the process is comparable across quarters.
Additional resources on the data and processes involved in the CfD by clicking the links below:
An article on Reconciliations: How does money move through the CfD scheme – resources.
Presentation video on Reconciliation of the ILR and TRA – an overview of timings throughout the quarter.
Responding to requests from suppliers, LCCC has released a calendar of key dates in the Supplier Obligation levy-setting process. This can be accessed on our CfD Levy Dashboards and will provide more certainty around the timings of events in the process.
If you would like us to consider other changes to our dates or data we release, please let us know at info@lowcarboncontracts.uk.
Posted
08.12.2023