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If you have received Conditional Requalified status following Tier 1 Disputes you must lodge Credit Cover by 14 December 2021. WP35 - CM Applicant/Capacity Provider Credit Cover Process will supports Applicants and Capacity Providers in how to lodge Cash or Letter of Credit with EMRS. If you have any queries regarding how to lodge Credit Cover please do contact...
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 on Working Days from November through to February for the 2022/23 Delivery Year. This forecast is used to calculate Suppliers’ monthly Capacity Market Supplier Charge...
National Grid ESO EMR Delivery Body (Delivery Body) will confirm the results from Prequalification to Applicants via the EMR DB Portal. For news on this announcement please visit the Delivery Body website.
Following Prequalification Results Day on 1 November 2022, those Conditionally Prequalified Applicants are required to provide Credit Cover within 15 Working Days (WDs) after Prequalification Results Day; this deadline is 22 November 2022. The full details of the process for Applicants to lodge Credit Cover is available on the Stakeholder Support for Applicant/Capacity Provider webpage...
Those applicants who have now had an updated status to Conditionally Prequalified are required to lodge Credit Cover within 15 Working Days (WDs); this deadline is 20 December 2022. Full details of the process for Applicants to lodge Credit Cover is available on the Stakeholder Support for Applicant/Capacity Provider webpage and in WP35 – Applicant Credit Cover.
Suppliers will be required to maintain Credit Cover. Suppliers need to ensure they have sufficient Credit Cover lodged by 5pm on 8 March 2023 to meet the increase in the Interim Levy Rate to £8.120/MWh from 9 March 2023 until 31 March 2023, the end of the Quarterly Obligation Period. Details on how to lodge...
The Low Carbon Contracts Company (LCCC) is required to determine the Total Reserve Amount and Interim Levy Rate for the Quarterly Obligation Period 1 July 2023 to 30 September 2023. Once confirmed, we will notify Suppliers in accordance with the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014 (the “Supplier Obligation Regulations”) of the Supplier’s Reserve Payment Amount and the...
You must lodge enough Credit Cover no later than 12 working days before the start of the month to meet your monthly Credit Cover requirement for each month of the Delivery Year. The amount of Credit Cover is 110% of the monthly Capacity Market Supplier Charge. This is illustrated in the revised monthly Capacity Market...
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: 4pm to 7pm on Working Days from November through to February for the 2023/24 Delivery Year. This forecast is used to calculate Suppliers’ monthly Capacity Market Supplier Charge and monthly Credit...
The Low Carbon Contracts Company (LCCC) is required to determine the Total Reserve Amount and Interim Levy Rate for the Quarterly Obligation Period 1 October 2023 to 31 December 2023. Once confirmed, we will notify Suppliers in accordance with the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014 (the “Supplier Obligation Regulations”) of the Supplier’s Reserve Payment Amount and the...
