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Due to an in-period adjustment to the Interim Levy Rate from £4.540/MWh to £10.748/MWh effective from 25 February 2024 to 31 March 2024. Suppliers are required to maintain their Credit Cover requirement using the Interim Levy Rate applicable for the Quarterly Obligation Period. If a Supplier is required to lodge additional Credit Cover, please ensure you have...
The T-4 Auction for 2027/28 Delivery Year commences. Further details on the Auction are location on the EMR Delivery Body website.
On 29 February 2024, Low Carbon Contracts Company (LCCC) are hosting an event for Suppliers. This event aims to keep Suppliers informed about LCCC’s latest policies and developments, and will give you a chance to find out more about the journey towards Net Zero and how LCCC are integral to this change. During this event, it...
T-1 Final Auction Results will be published on the 1 March 2024 and in the interim, the Provisional Auction Results are available. Further details on the Final Auction Results will be made available on the EMR Delivery Body website.
T-4 Auction Results will be published on the 8 March 2024 and in the interim, the Provisional Auction Results are available. Further details on the Auction Results will be made available on the EMR Delivery Body website.
Suppliers are required to maintain their Credit Cover requirement using the Interim Levy Rate applicable for the Quarterly Obligation Period. The Interim Levy Rate of £11.522/MWh is effective from 1 April 2024 to 30 June 2024. If a Supplier is required to lodge additional Credit Cover, please ensure you have sufficient Credit Cover lodged by 5:00pm on 28 March 2024. We have published supporting...
You must lodge enough Credit Cover no later than 12 working days before the start of the month to meet your monthly Credit Cover requirement for each month of the Delivery Year. The amount of Credit Cover is 110% of the monthly Capacity Market Supplier Charge. This is illustrated in the revised monthly Capacity Market...
LCCC’s Forecasting Team are hosting a webinar on the Interim Levy Rate and Total Reserve Amount forecast for Q3 2024. Also, they will cover the outcome from how the Q1 2024 performed against the forecast. To secure your spot at this webinar, please do register here. If you have any suggestions or feedback on what...
On 22 May 2024, Low Carbon Contracts Company (LCCC), in collaboration with DESNZ, are hosting a webinar on the Nuclear RAB scheme for Suppliers. This webinar aims to support Suppliers ahead of the launch of the Nuclear RAB scheme and will cover the following topics: Overview of the scheme. Roles and responsibilities of each partner...
Suppliers are required, under the Electricity Capacity (Supplier Payment etc.) Regulations 2014, to provide a forecast of Gross Demand for the Period of High Demand: 4pm to 7pm on Working Days from November through to February for the 2024/25 Delivery Year. This forecast is used to calculate Suppliers’ monthly Capacity Market Supplier Charge and monthly Credit...
