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Suppliers’ first deadline to lodge Credit Cover for October 2021

When do I need to have my Credit Cover in place? Suppliers are required to lodge Credit Cover by no later than 12 Working Days before the start of a month within a Delivery Year. Suppliers’ first deadline to lodge Credit Cover for October 2021 is by 5:00 p.m. on 15 September 2021. How do...

Suppliers receive first monthly CM Supplier Charge for the 2021/22 Delivery Year

Suppliers will be invoiced for the first monthly Supplier Charge payment for the 2021/22 Delivery Year. The monthly Supplier Charge will be as detailed in the schedule of monthly Capacity Market Credit Cover requirements and Supplier Charge for 2021/22 Delivery Year issued to Suppliers early August 2021. Further information available: News: Suppliers to receive Capacity...

Capacity Providers Webinar

Online

This webinar from Electricity Settlement Company (ESC) will focus on data, in particular looking at how to use data to improve the scheme requirements and want to engage with Capacity Providers to gather your views and support. Our priorities Missing Metered Data – Following feedback from the Capacity Market Launch Event on 13 July 2021 ESC have investigated common issues Capacity Providers experience as to why EMRS are missing...

Webinar from LCCC’s Forecasting Team on the ILR & TRA for Q1 2022

This is an opportunity to hear from LCCC's Forecasting Team on the Interim Levy Rate and Total Reserve Amount forecast for Quarterly Obligation Period 1 January 2022 to 31 March 2022. Plus, an opportunity to raise questions with LCCC on the current and longer term forecast. To register for this webinar please complete this registration link....

Open Letter: Capacity Market New Technologies 2021

BEIS have shared their second annual open letter on new technologies in the Capacity Market. The open letter asks Stakeholders whether there are any new generating technologies which can contribute to security of supply and may therefore be suitable for inclusion in the Capacity Market. The open letter can be found at the link: https://www.gov.uk/government/consultations/capacity-market-new-technologies-2021. ...

Capacity Market 2021 Call for Evidence Deadline Extension

Call for Evidence on the Capacity Market – Improving delivery assurance and early action to align with net zero BEIS recognise Stakeholders are currently experiencing additional pressures, so have extended the deadline for responding to the Call for Evidence to 11:59pm on 1 November 2021. The gov.uk page will be updated shortly to reflect this...

Deadline for Applicants who received a Conditional Prequalified status on Prequalification Results Day

Online

If you have received Conditional Requalified status on Prequalification Results Day you must lodge Credit Cover by 16 November 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...

Deadline for LCCC and ESC Operational Costs

The Department for Business, Energy and Industrial strategy (BEIS) is seeking views on the proposed 2022/23, 2023/24 and 2024/25 operational cost budgets and resulting levies for the Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC). LCCC enters into and manages Contracts for Difference (including the Investment Contracts which have been transferred to...

Deadline for Applicants who received a Conditional Prequalified status following Tier 1 Disputes

Online

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...

Interim Levy Rate (ILR) for 1 January 2022 to 31 March 2022

On 15 December 2021, LCCC issued a Stakeholder Bulletin to announce for the Quarterly Obligation Period 1 January 2022 to 31 March 2022 the Interim Levy Rate is adjusted to £0.000/MWh. From 1 January 2022, Suppliers will be required to maintain Credit Cover using the adjusted ILR of £0.000/MWh. Further information on the process on lodging or requesting excess Credit...