T-1 Auction for 2024/25 Delivery Year
The T-1 Auction for 2024/25 Delivery Year commences. Further details on the Auction are location on the EMR Delivery Body website.
What are you looking for?
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.
This document will support Suppliers in defining the methods for lodging Credit Cover.
The information highlighted in this document includes:
The Stakeholder Support for Suppliers – CfD webpage also provides guidance on how to lodge Credit Cover.
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:
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.
You will be able to find key information to support you for both CfD and CM schemesView More