Who we are

EMR Settlement Limited (EMRS) is a wholly owned subsidiary of Elexon Limited. EMRS has delivered the role of EMR Settlement Services Provider on behalf of the Low Carbon Contracts Company (the CfD Counterparty) (LCCC) in relation CfD and on behalf of the Electricity Settlements Company (the CM Settlement Body) (ESC) in relation to the CM.

Publications

WP42 – Supplier CfD and Nuclear RAB Credit Cover

This document will support Suppliers in defining the methods for lodging Credit Cover.

The information highlighted in this document includes:

  • How to lodge Credit Cover with EMRS on behalf of LCCC
  • Letter of Credit Templates (p21-25) and approved bank account details for cash Credit Cover (p6)

The Stakeholder Support for Suppliers – CfD webpage also provides guidance on how to lodge Credit Cover.

News

Adjustment to Interim Levy Rate and Total Reserve Amount from 1 April 2024

Posted on: 15/02/2024

On 15 February 2024, LCCC issued a Stakeholder Bulletin to confirm an adjustment to the Interim Levy Rate and Total Reserve Amount from 1 April 2024 to 30 June 2024 as follows:

  • Increase Interim Levy Rate to £11.522/MWh from £7.755/MWh
  • Decrease Total Reserve Amount to £190,369,345.01 from £296,985,170.49

Suppliers will receive a formal notice to confirm these adjustments.

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 sufficient Credit Cover lodged by 5:00pm on 29 March 2024. We have previously published supporting information in the News items LCCC Confirms ILR and TRA for Q2 2024.

The Key Payment Figures for 2024/25 are updated to reflect these change and this document is located on the Settlement Data for Suppliers webpage.

Are you a…?

Supplier

You will be able to find key information to support you for both CfD and CM schemes

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CfD Generator

You will be able to find key information to support you

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Capacity Provider

You will be able to find key information to support you

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All Roles

You will be able to find key information to support you in all roles for both CfD and CM schemes

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