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Suppliers are reminded that they must maintain their Credit Cover requirement using the Interim Levy Rate applicable for the Quarterly Obligation Period. For the Quarterly Obligation Period from 1 April 2026 to 30 June 2026, the Nuclear RAB Interim Levy Rate is £4.683/MWh. If your organisation is required to lodge additional Credit Cover to meet this...
In its role as the Settlement Body, Electricity Settlements Company (ESC) has implemented the First Come, First Served (FCFS) process to ensure that each asset is only included in one Metering Configuration. At 10:00am on Tuesday 31 March 2026, the FCFS window opens for the 2026/27 Delivery Year. From this point, you can submit your...
Capacity Providers (CPs) who have not met their Financial Commitment Milestone within 12 months of the Auction results (T-4 2028/29) must increase Credit Cover from £10k to £15k per MW per CMU. NESO have notified those CPs who have not met FCM within 12 months. The deadline to lodge additional Credit Cover with us is...
LCCC’s Forecasting Team are hosting a webinar on the Interim Levy Rate and Total Reserve Amount forecast for Q3 2026. Also, they will cover the outcome from how the Q1 2026 performed against the forecast. To secure your spot at this webinar, please do register here. If you have any suggestions or feedback on what else...
The Department for Business and Trade (DBT) has issued a consultation on the British Industrial Competitiveness Scheme (BICS) and is seeking views on the proposed regulatory framework and delivery approach. To support engagement, DBT is hosting a dedicated webinar for Suppliers on Thursday 30 April, 11:00am to 12:00pm. The session will provide an overview of:...
We are excited to confirm that together with Electricity Settlement Company (ESC) we are hosting another Pre-Delivery Year 2026/27 Event. What’s the purpose? This event is designed specifically for Capacity Providers and will provide a comprehensive overview of the activities required ahead of the Delivery Year, alongside important updates and opportunities to engage directly with...
The Department for Business and Trade has issued a consultation on the British Industrial Competitiveness Scheme (BICS) and is seeking views on the proposed regulatory framework and delivery approach. The scheme aims to reduce electricity costs for manufacturing frontier industries within the Industrial Strategy’s growth sectors (the IS-8), and foundational manufacturing industries which provide key...
Under Capacity Market arrangements, all Capacity Market Units are required to demonstrate capacity at or above its Capacity Obligation during at least one Settlement Period on three separate Settlement Dates by 30 April of each Delivery Year. To support Capacity Provider in preparing for this deadline, publication of the Satisfactory Performance Day (SPD) and Extended...
The Capacity Market Advisory Group (CMAG) and Ofgem are hosting a webinar on the 2026 Capacity Market Statutory Consultation. The session cover the proposed changes to the Capacity Market Rules and provide attendees with the opportunity to ask questions and share feedback. To secure your spot, please register here. Attendees can submit questions in advance...
Ofgem have published a statutory consultation and are seeking feedback on 13 Capacity Market Change Proposals. For each change proposal, Ofgem have set out the policy context, the proposed solution and its implications, summarised the Capacity Market Advisory Group discussion, and presented their minded-to position. To support Capacity Providers’ understanding of the change proposals being...
