Forecast IMRP

This dataset includes forecast time weighted Intermittent Market Reference Prices (IMRP) and generation weighted IMRP.

This dataset is updated following the end of each Quarterly Obligation Period.

Please note that our forecasts simulate hourly prices across multiple scenarios, and the published prices represent the averages derived from these simulations over the quarter. Consequently, the capture price differences cannot be back-calculated from these averaged values as this detailed information is lost in the hourly averaging process over the simulations, but are taken into account in individual simulations.

Data and Resources

Additional Info

Field	Value
Last Updated	September 18, 2024, 12:39 (UTC)
Created	October 17, 2023, 16:01 (UTC)
Forecast Generation Weighted IMRP	Intermittent Market Reference Prices (IMPR) are used to calculate CfD Generator payments. Under the CfD, when the reference price for the electricity generated by a CfD Generator is below the strike price set out in their contract, payments are made by the LCCC to the CfD Generator to make up the difference between the reference and the strike price. The Intermittent Market Reference Price is calculated using day-ahead data received from EPEX Spot and NordPool. An IMRP is calculated for every hour of the day.
Forecast Time Weighted IMRP	Intermittent Market Reference Prices (IMPR) are used to calculate CfD Generator payments. Under the CfD, when the reference price for the electricity generated by a CfD Generator is below the strike price set out in their contract, payments are made by the LCCC to the CfD Generator to make up the difference between the reference and the strike price. The Intermittent Market Reference Price is calculated using day-ahead data received from EPEX Spot and NordPool. An IMRP is calculated for every hour of the day.
Market Price date	The date on which the IMRP is applicable.
Period End	End Date of the respective Quarterly Obligation Period
Period Start	Start Date of the respective Quarterly Obligation Period
Quarterly Obligation Period	A period of 3 months commencing after 31st March 2015 on 1st April, 1st July, 1st October or 1st January in any period of 12 months