Here are the key parties involved in the delivery of EMR and an outline of their roles.
Sets the policy framework, provides sponsorship, leads on design and legislative action.
Regulates the electricity market, it provides design advice, analysis and regulation.
In its role as System Operator, National Grid has been designated as the EMR Delivery Body. It will provide analysis to inform ministers’ key EMR decisions: primarily on the level of support for low-carbon technologies in the case of CFD, and how much capacity to contract for in the case of the Capacity Market. It will also administer the two EMR mechanisms: establishing whether projects meet Government-set eligibility criteria to receive CFDs, and running auctions for CFDs and capacity if needed.
Low Carbon Contracts Company’s principal roles are to act as the Counterparty to, and manage Contracts for Difference, and also to manage the collection and payment of monies under the supplier obligation for the CFD regime.
Electricity Settlements Company’s key roles are to make capacity payments and to retain overall control of the Capacity Market settlement process and accountability to Parliament.
Settlement Service Provider
This is the role of EMRS. We carry out the settlement of CFDs on behalf of the CFD Counterparty and Capacity Market agreements on behalf of the Settlement Body. Find out more about our role here.
Oversees implementation and monitoring of EMR with BEIS.
The participants and parties to CFD and Capacity Market agreements.
Contributors to CFD and Capacity Market funding arrangements.