Reporting

The CFD contract includes a number of routine reporting requirements for all Generators, including the following:

 

Monthly Report

Generators are required to provide on the Agreement Date and at monthly intervals thereafter, their estimates of:

  • the expected Start Date;
  • the Installed Capacity as at the Start Date; and
  • the commissioning profile of the Facility.

A monthly report pro forma is provided and can be sent by email to the Contract Management Team. It’s helpful if you include your Project name, the contract Unique ID (see the CFD Register) and the phrase “Monthly Report” in the subject line.

 

Forecasts

Generators must submit their generation Forecast Data which is comprised of the following data:

  • the availability of the Facility;
  • the Loss Adjusted Metered Output;
  • the Renewable Qualifying Multiplier (if relevant); and
  • the CHP Qualifying Multiplier (if relevant).

The requirement to provide the Forecast Data starts from the year prior to the financial year in which the Generator expects to start generating and receiving payments under the CFD contract.

The yearly Forecast Data is to be provided to us:

  • no later than 10 Business Days following the Agreement Date for the period from the projected Start Date to the following 31 March and in respect of each calendar month during this period, (but only if the Start Date is projected to occur before the following 31 March); and
  • no later than 30 September in each year (or, in relation to the 1st forecast, and if the Agreement Date is after 30 September, no later than 10 Business Days after the Agreement Date) for the 12 month period commencing on 1 April in the following year in respect of each calendar month during such period (provided that either the period commences after the Start Date or the Start Date is projected to occur during such period).

There is also a monthly Forecast Data requirement whereby Forecast Date is required (but only if any of the forecasts have changed):

  • no later than 5 Business Days prior to the 1st day of each calendar month after the Start Date in respect of the next calendar month and also in respect of any other calendar months in respect of which the Generator has previously provided forecasts to us.

The forecast report can be sent by email to contractmanagement@lowcarboncontracts.uk. It would be helpful if you include your Project name, the contract Unique ID (see the CFD Register) and the phrase “Forecast Report” in the subject line.

 

Information

The Generator must provide information reasonably requested by Low Carbon Contracts Company Ltd for the purposes specified in the CFD contract which including for the purpose of complying with its responsibilities under the CFD contract. The Generator must provide this information within 10 Business Days of a request.

In addition to the above reporting and information requirements, please note that there are other reporting requirements outlined in the CFD contract which may or may not apply to individual projects depending on, for instance, the Generation Technology of the Project.

Fuel Measurement and Sampling Reports

Note that Fuel Measurement and Sampling (FMS) arrangements and Sustainability Criteria only apply if the Renewable Qualifying Multiplier (RQM) is expressed to apply to the CFD contract in the CfD Agreement. Details about what technologies the RQM applies to can be found in the Standard Terms notice issued by the Secretary of State prior to each allocation round. The Standard Terms Notice for the 2014 allocation round can be found here.

An overview of Fuel Measurement and Sampling (FMS) and Sustainability Criteria (SC) conditions set out in the CFD contract are provided separately.  Thispage relates to the FMS reporting requirements, the SC Reporting Obligations are covered separately.

Generators are required to agree their FMS Proposals with Low Carbon Contracts Company Ltd (“LCCC”) as one of the Operational Conditions Precedent which must precede the Start Date. Following the Start Date, the FMS reporting requirements come into effect.

The FMS Report is a monthly report which must be submitted no later than the final Business Day of the second (2nd) calendar month after the RQM Calculation Month (i.e. the month which the report relates to).  This means that:

  • a report covering 1 to 30 June needs to be submitted by the last business day of August;
  • a report for 1 to 31 October needs to be submitted by the last business day of December.

The FMS Report should include, amongst other things, the data required to enable us to calculate the RQM for that month and to assess the Generator’s compliance with agreed FMS Procedures or FMS Exempted Procedures.  Where a Generator fails to submit the monthly FMS Report, we may assume that the RQM for that month is zero.

Ofgem have been appointed to support and advise us on the FMS and sustainability aspects of the CFD contracts.  Ofgem will engage directly with Generators in relation to their FMS Procedures, FMS Report, SC Monthly Information and SC Annual Compliance Reports submission. However, we (LCCC), as the CFD Counterparty, will remain the party to whom you should send (and from whom you will be sent) notices under the CFD contract.

FMS Reports should be submitted via the SC and FMS reporting spreadsheet to Ofgem at CFD@ofgem.gov.uk. Please include your project name, the contract Unique ID (see CFD Register) and the phrase “CFD SC and FMS Monthly Information” in the subject line of the email.

 

Sustainability Criteria Reports

Note that Fuel Measurement and Sampling (FMS) arrangements and Sustainability Criteria only apply if the Renewable Qualifying Multiplier (RQM) is expressed to apply to the CFD contract in the CfD Agreement. Details about what technologies the RQM applies to can be found in the Standard Terms notice issued by the Secretary of State prior to each allocation round. The Standard Terms Notice for the 2014 allocation round can be found here.

An overview of Sustainability Criteria (SC) and Fuel Management and Sampling (FMS) conditions set out in the CFD contract are provided separately. This page relates to the SC Reporting Obligations, FMS reporting is covered separately.

Following the Start Date, the SC Reporting Obligations come into effect.  The SC Reporting Obligations are the reporting requirements set out at Part C of Annex 7 which include (amongst other reporting requirements) the SC Monthly Information and the SC Annual Compliance Report.

SC Monthly Information

The SC Monthly Information should include, amongst other things, confirmation as to whether the Land Criteria and Greenhouse Gas Emissions Criteria have been complied with for that month and the calculated greenhouse gas emissions for that month.  Where a Generator fails to submit the SC Monthly Information, Low Carbon Contracts Company (“LCCC”) may assume that the RQM for that month is zero. Each SC Monthly Report should be accompanied by a Directors’ Certificate certifying that the SC Monthly Information is correct. The SC Monthly Information is to be submitted no later than the final Business Day of the second (2nd) calendar month after the month to which the report relates.  This means that:

  • a report covering 1 to 30 June needs to be submitted by the last business day of August;
  • a report for 1 to 31 October needs to be submitted by the last business day of December.

SC Monthly Information should be submitted via the SC and FMS reporting spreadsheet to Ofgem at CFD@ofgem.gov.uk. It is helpful if you include your project name, the contract Unique ID (see CFD Register) and the phrase “CFD SC and FMS Monthly Information” in the subject line.

SC Annual Compliance Report

Each year, an SC Annual Compliance Report in respect of an SC Audit Year (for the first SC Audit Year being the period from the Start Date to 31 March and for each SC Audit Year thereafter, each 12 month period running from 1 April to 31 March) must be submitted by the Generator by no later than the final Business Day of June (being the final Business Day of the 3rd calendar month failing immediately after the end of the SC Audit year). For example, where:

  • the Start Date is 1 July in the preceding financial year, the report should cover from 1 July until 31 March and be submitted no later than the final Business Day of June;
  • the Facility is generating electricity at 1 April in the preceding financial year, the report should cover from 1 April until 31 March and be submitted no later than the final Business Day of June.

The SC Annual Compliance Report should include:

  • biomass profiling information (if required); and
  • Solid and Gaseous Bioliquid Sustainability Audit Report (where applicable) which is prepared by someone other than the Generator (or any of its connected persons) and in accordance with ISAE 3000.

The SC Annual Compliance Report should be accompanied by a Directors’ Certificate certifying that the information in the SC Annual Compliance Report is correct.

Ofgem have been appointed to support and advise us on the FMS and sustainability aspects of the CFDs. Ofgem will engage directly with Generators in relation to their FMS Procedures, FMS Report, SC Monthly Information and SC Annual Compliance Reports submission.  However, we (LCCC), as the CFD Counterparty, will remain the party to whom you should send (and from whom you will be sent) all notices under the CFD contract.

The SC Annual Compliance Report should be submitted to Ofgem at CFD@ofgem.gov.uk Please include the project name, the contract Unique ID (see CFD Register) and the phrase “CFD SC Annual Compliance Report” in the subject line of the email.

 

If you can’t find what you are looking for here, or in our FAQ section then please call us on 0207 211 8881 or email us at contractmanagement@lowcarboncontracts.uk.

Disclaimer
The information provided here is designed to offer immediate support and guidance to Generators. It is not exhaustive and does not and is not intended to replace or supersede the Contract for Difference (“CFD contract”) (which is comprised of the CfD Agreement and the FiT Contract for Difference Standard Terms and Conditions (August 2014)). Readers should not place reliance on this information and should refer to the CFD Contract. This information does not constitute legal or investment advice and should not be relied upon as such. Generators should consult their professional advisors where they require advice whether legal or otherwise on the application of the CFD Contract. This page is subject to change.
Defined terms which are used but not defined here have the meaning ascribed to them in the CFD contract.