Renewable Qualifying Multiplier: Difference between revisions
m Edited reference |
m minor text change |
||
| Line 1: | Line 1: | ||
[[Category:Legislation & Policy]] [[Category:Economics]] | [[Category:Legislation & Policy]] [[Category:Economics]] | ||
The RQM determines the payments made to generators based on the renewable content of their fuels, as determined by Fuel Measurement Sampling. This is applies to technologies that could potentially be fuelled with feedstock of variable renewable content or were fossil fuels can provide a portion of the energy generated and is relevant to WDF and other waste used in ERF that qualify under the [[ROO]] where the amount renewable content varies over time<ref name="foo">LCCC, 2019. [https://www.lowcarboncontracts.uk/sites/default/files/publications/Contracts%20for%20Difference%20-%20Generator%20Guide%20Feb%202019.pdf Contracts for Difference Generator Guide. Low Carbon Contracts Company.] London. </ref>. | The [[Renewable Qualifying Multiplier]] ([[RQM]]) determines the payments made to generators based on the renewable content of their fuels, as determined by Fuel Measurement Sampling. This is applies to technologies that could potentially be fuelled with feedstock of variable renewable content or were fossil fuels can provide a portion of the energy generated and is relevant to WDF and other waste used in ERF that qualify under the [[ROO]] where the amount renewable content varies over time<ref name="foo">LCCC, 2019. [https://www.lowcarboncontracts.uk/sites/default/files/publications/Contracts%20for%20Difference%20-%20Generator%20Guide%20Feb%202019.pdf Contracts for Difference Generator Guide. Low Carbon Contracts Company.] London. </ref>. | ||
RQM is calculated for each month of electricity generation and is applied to any “Settlement Units” falling in that calendar month. There are four different ways in which RQM can be determined: | RQM is calculated for each month of electricity generation and is applied to any “Settlement Units” falling in that calendar month. There are four different ways in which RQM can be determined: | ||
Latest revision as of 13:42, 8 December 2020
The Renewable Qualifying Multiplier (RQM) determines the payments made to generators based on the renewable content of their fuels, as determined by Fuel Measurement Sampling. This is applies to technologies that could potentially be fuelled with feedstock of variable renewable content or were fossil fuels can provide a portion of the energy generated and is relevant to WDF and other waste used in ERF that qualify under the ROO where the amount renewable content varies over time[1].
RQM is calculated for each month of electricity generation and is applied to any “Settlement Units” falling in that calendar month. There are four different ways in which RQM can be determined:
- Deemed, if applicable (i.e. if an FMS Exempted Generator)
- Calculated according to fuel data received following FMS Procedures
- If neither of the above apply, by application of the last-known RQM
- Assumed, if applicable (if none of the above apply, by a deemed value agreed between LCCC and the Generator) [1].
RQM is used by the LCCC for generator settlement purposes under the CFD[1].
References
- ↑ 1.0 1.1 1.2 LCCC, 2019. Contracts for Difference Generator Guide. Low Carbon Contracts Company. London.