Market Reference Prices
Market Reference Prices are used to calculate CfD Generator payments. There are two classifications of generation under a CfD contract and each has its own Market Reference Price:
- Baseload Technologies (such as biomass with CHP)
- Intermittent Technologies (such as solar or wind)
Baseload Market Reference Price
The BMRP is calculated by LCCC on a seasonal basis, pursuant to condition 15 of the Contract for Difference Standard Terms and Conditions. The BMRP is a volume-weighted average based on forward-season trading data received from LEBA. The seasonal BMRP is published in April and October of each year.
| Season | BMRP (£/MWh) |
|---|---|
| Winter 2024 | 86.02 |
| Summer 2024 | 80.52 |
| Winter 2023 | 128.81 |
| Summer 2023 | 207.07 |
| Winter 2022 | 405.26 |
| Summer 2022 | 168.25 |
| Winter 2021 | 102.45 |
| Summer 2021 | 48.47 |
| Winter 2020 | 44.91 |
| Summer 2020 | 39.41 |
| Winter 2019 | 55.98 |
| Summer 2019 | 53.79 |
Intermittent Market Reference Price (IMRP)
The Intermittent Market Reference Price is calculated using day-ahead data received from EPEX SPOT and N2EX. An IMRP is calculated for every hour of the day pursuant to condition 21 of the Contract for Difference Standard Terms and Conditions.
The IMRP dataset can be found within our Data Portal - please click here.