Supplier Capacity Market Demand Forecast Deadline
Suppliers are required, under the Electricity Capacity (Supplier Payment etc.) Regulations 2014, to provide a forecast of Gross Demand for the Period of High Demand, which is 4pm to 7pm […]
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 guidance document explains why EMR Settlement Ltd (EMRS) have implemented Authorised Contacts as a control for the settlement operations for Contracts for Difference (CfD) and the Capacity Market. Suppliers, CfD Generators and Capacity Providers can use Authorised Contacts to manage their EMR Party information and to request certain settlement activities.
On 12 May 2022, LCCC issued a Stakeholder Bulletin to announce it has determined an additional Total Reserve Amount (TRA) of £50,000,000.00 for the current Quarterly Obligation Period ending on 30 June 2022.
Notices will be issued to Suppliers to confirm the above and invoices will be issued on 7 June 2022 to active Suppliers confirming their reserve payments and the payment date will be 14 June 2022.
G3 – CfD Reserve Payment provides information on how Suppliers reserve payments are calculated. The Key Payment Figures 2022/23 reflect these changes and this is available on the Settlement Data for Suppliers webpage.
LCCC have made the decision for an additional Total Reserve Amount due to the extraordinary market circumstances arising from the Russian invasion of Ukraine, LCCC has set the additional TRA to a level based on the analysis of different scenarios that may develop.
In making this determination, LCCC notes the high volatility of power market prices, including the recent sharp market price drop, and considers that there is a risk that the original TRA will be insufficient to cover the quarter’s CfD costs. Market prices for this calculation were taken as closing mid-prices on the 9 May 2022.
You will be able to find key information to support you for both CfD and CM schemesView More