Final Installed Capacity (“FIC”) - Guidance for Thermal Technologies
Posted 29.03.2018
This document provides generators with guidance on the forms of evidence that the Low Carbon Contracts Company considers acceptable to be provided with the Final Installed Capacity (“FIC”) Notice.
Here is a brief breakdown on what to expect:
Key Requirements and Procedures:
- Generators must submit the FIC Notice within ten business days after the Longstop Date, specifying the commissioned Installed Capacity and providing supporting evidence and details of the facility's assets. The guidance aims to ensure that evidence is proportionate, repeatable, auditable, and robust.
Components of Submission:
- The document details the necessary evidence, including commissioning evidence, installed capacity tests, and the main assets comprising the facility. Specific sections cover definitions, context, and detailed instructions on each component of the required submission.
Engagement and Compliance:
- Generators are encouraged to engage early with LCCC to discuss the FIC process and ensure compliance with the guidance. The document also emphasizes the importance of resubmitting supporting information used for fulfilling Operational Conditions Precedent (OCP) to maintain robustness and auditability.
Thermal FIC guidance