Initial Conditions Precedent (ICP) Guidance - AR6
Posted 14.06.2024
The "Initial Conditions Precedent (ICP) Guidance" Version 4.0 provides instructions for Generators on fulfilling ICPs under the CfD scheme, with updates for the sixth allocation round.
Key Points
- ICP Documentation Requirements: Generators must provide a legal opinion, detailed KYC information, and comprehensive facility descriptions .
- Process and Timeline: ICPs must be satisfied within 20 Business Days of the CfD Agreement Date, with submissions via LCCC's web-based application .
- Digital Submission: All required documents must be submitted through the Zero web-based application to ensure efficient processing and compliance tracking .
Updates from Previous Version
- Alignment with AR6: The guidance has been updated to reflect the terms and conditions specific to the sixth allocation round of the CfD .
- Hydrogen Production Facilities: New sections advise the inclusion of hydrogen production facility descriptions, indicating an expansion of the scope to cover emerging technologies in the energy sector .
- Digital Submission Process: Emphasis on the use of the Zero web-based application for submitting ICP documents, enhancing the efficiency and accuracy of compliance submissions
ICP Guidance (AR6)
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