Supplier Obligation Interim Levy Rate and Total Reserve Amount AND Adjusted Interim Levy Rate
Supplier Obligation Interim Levy Rate and Total Reserve Amount – 1 April 2016 – 30 June 2016
We can now confirm that the Interim Levy Rate for the Fifth Quarterly Obligation Period, to run from 1 April 2016 to 30 June 2016, will be set at £0.00/MWh and the Total Reserve Amount at £0.00
In arriving at its decision on the Interim Levy Rate and Total Reserve Amount, LCCC has considered the potential for CFD payments to be required to be made to CFD Generators under the existing CFDs and Investment Contracts.
Adjusted Interim Levy Rate
Low Carbon Contracts Company (LCCC) have adjusted the Interim Levy Rate to zero (£0.000 per MWh), effective from 21 January 2016, for the quarterly obligation period 1 January 2016 to 31 March 2016. LCCC has taken this action because it now believes it is highly unlikely that there will be any CFD generation to pay by 31 March 2016. EMR Settlement (EMRS) will be issuing a notice and circular on behalf of LCCC further detailing this adjustment and the Interim Levy Rate and Total Reserve Amount.