Low Carbon Contracts Company (LCCC) has completed the Contracts for Difference (CfD) Interim Levy Rate (ILR) and Total Reserve Amount (TRA) forecasts for 2024 Q4. These values will be communicated to suppliers in the normal way on 18 June 2024.
The ILR/TRA determination used market information data up to and including 30 May 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.
LCCC has 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.