LCCC and ESC have issued today a new Bulletin which covers: new Initial Conditions Precedent (ICP) Guidance, an update to Installed Capacity (IC) and Final Installed Capacity (FIC) Guidance and a Capacity Market update.
In advance of the results of AR3, LCCC has published the Initial Conditions Precedent (ICP) Guidance to assist new Generators in fulfiling the first requirements under their Contract for Difference (CfD). Failure to fulfil these requirements may give rise to termination. Following the fulfilment of these requirements certain provisions of the CfD become effective. The guidance includes the Know Your Customer form and the Legal Opinion template, which are also available as individual downloads.
LCCC has updated the Installed Capacity and Final Installed Capacity Guidance to improve clarity on the topic and on the relevant provisions under the Contract for Difference terms and conditions. Version 3 supersedes previous ones.
ESC has today published an Electricity Supplier and Capacity Market bulletin about readiness for the potential re-start of the Capacity Market. Our new Capacity Market Settlement Re-start Guidance document G22 can be found here.
LCCC has published today the Annual Report and Accounts 2018-2019 of its sister company, The Electricity Settlements Company.
LCCC published today a new Contract for Difference Bulletin with news and updates on the CfD Dashboards, the LCCC Annual Report and Accounts 2018/2019 and the forthcoming ILR/TRA Teleconference.
LCCC has published today its Annual Report and Accounts 2018-2019.
Following the consultation in March 2019, ESC published today, 24 May 2019, the Capacity Market Stress Event Guide which incorporates feedback from suppliers. This Guide has been developed in response to industry feedback during the Mock Stress Event 2018 workshops.
Teleconference: CfD Interim Levy Rate and Total Reserve Amount for Q3 2019
LCCC’s Forecasting team held today a teleconference on the Interim Levy Rate (ILR) and Total Reserve Amount (TRA) for Q3 2019 (01 July 2019 to 30 Sept 2019). A recording of the session has been published and is available to watch here.
LCCC has updated Guidance on applications for Minor and Necessary Modifications to the CfD, reflecting minor changes to the administrative process.