We are the EMR Settlement Services Provider. We deliver settlement for the Contract for Difference (CFD) and the Capacity Market (CM). We have been appointed by DECC, and are acting on behalf of the Low Carbon Contracts Company (the CFD Counterparty) and the Electricity Settlements Company (the CM Settlement Body).

On 9 November 2016 EMRS and LCCC are hosting an seminar to introduce Suppliers to the Contracts for Difference (CFD) and the Capacity Market (CM) schemes. Suppliers who have recently entered the electricity market or individuals from existing Suppliers that are new to EMR are welcome to attend. What will this session cover? Overview of EMR Overview of the different roles and responsibilities of the EMR bodies Key dates in the CFD and CM schemes Forecasting the Supplier Levy Supplier charges and…

The Interim Levy Rate increases to £1.016 per MWh on the 1 October 2016. As Suppliers’ CFD Credit Cover requirements are linked to the Interim Levy Rate, Suppliers need to ensure they have sufficient Credit Cover lodged by 5pm on 30 September 2016 to meet the new rate. Please note the process for lodging a Letter of Credit has been amended. From now on, Suppliers need to request that their bank uses the SWIFT process rather than sending a physical letter to EMRS. How much Credit Cover is required? The minimum Credit Cover…

EMRS has issued a notice to Suppliers, on behalf of Low Carbon Contracts Company (LCCC), to inform them that the Total Reserve Amount and the Interim Levy Rate for 1 January 2017 to 31 March 2017 is as follows: Total Reserve Amount – £3,507,747.19 Interim Levy Rate – £0.956/MWh For further information on how this affects Supplier Credit Cover requirements and key dates and activities that Suppliers need to be aware of for the next two Quarterly Obligation Periods, please see EMRC100. …

We have published example files of the Penalty Charge Invoice and Over-Delivery Credit Note. Capacity Providers may receive these after a Stress Event has been called depending on whether they exceed or under deliver on their Capacity Obligation. These example files are now available on the Circular page of the EMRS website. For further information about what has been published please see EMRC99. …

With the first Capacity Market Delivery Year starting in October 2016, Suppliers will have to be prepared to meet new requirements such as having to lodge Credit Cover and make new payments e.g. monthly Supplier Charge and reconciliation payments. To support Suppliers, EMRS on behalf of the Electricity Settlements Company (ESC), hosted an hour-long webinar to provide them with an overview of Supplier charges in the Capacity Market. With over 90 participants, the webinar introduced Suppliers to the new payments, including worked examples and a walkthrough of backing data, introduced by the…

EMRS calculates a Baseload Market Reference Price (BMRP) and an Intermittent Market Reference Price (IMRP) on behalf of the Low Carbon Contracts Company. We have published the BMRP for summer 2016 which covers April 2016 to September 2016 on the Settlement Data webpage. The IMRP has been published on weekly basis since the beginning of July. Both BMRP and IMRP are available on the Settlement Data webpage of the EMRS website. For further information about the BMRP and how it is calculated please see EMRC96. …