EMR Settlement Limited

EMRS Operational Management Board (OMB03)
2016-02-10 09:30 - 10:30 UTC | ELEXON, 350 Euston Road, London, NW1 3AW, United Kingdom
If you have any queries about the EMRS Operational Management Board please contact us at contact@ermsettlement.co.uk.

EMRS External Project Board (EPB18)
2016-01-27 09:30 - 11:00 | ELEXON, 350 Euston Road, London, NW1 3AW, United Kingdom
To find out more information on the EMR External Project Board and its members, please click here.
If you have any queries about the EMR External Project Board please contact us at contact@ermsettlement.co.uk.

EMRS Project Implementation Board (PIB02)
2016-01-25 13:00 - 16:00 | ELEXON, 350 Euston Road, London, NW1 3AW, United Kingdom
If you have any queries about the EMRS Project Implementation Board please contact us at contact@ermsettlement.co.uk.

Suppliers can now request the return of CFD Credit Cover
2016-01-21
We’ve issued EMRC73 and notified Suppliers, this included Supplier Company email, Finance Authorities and Credit Cover Contacts how to request the return of CFD Credit Cover. From Thursday 21 January 2016, Suppliers will not be required to provide Credit Cover due to the Interim Levy Rate being adjusted to £0.000 per MWh.
How do I request the return of my Credit Cover?
The process and timescales associated to the return of Credit Cover are detailed in WP42 – Supplier CFD Credit Cover.
The below highlights what the Suppliers needs to do as part of the request:

From Thursday 21 January 2016 Suppliers can email contact@emrsettlement.co.uk requesting the return of Credit Cover.
The request must include the EMR Party ID, as well as the type of Credit Cover and amount of Credit Cover to be returned.

If a Letter of Credit (LoC) has been lodged include the LoC reference number and the issuing bank.

The request must be sent by either the Supplier’s Credit Cover contact, a Finance Authority or the Primary Party Authority.

To assist you in the process, we have included an example template email in WP42 – Supplier CFD Credit Cover, located in Appendix 3.
EMRS will validate requests once received from Suppliers. If successfully validated, EMRS will issue the request to Low Carbon Contracts Company (LCCC) to seek approval to either transfer cash or return LoCs via registered post back to the Supplier.
EMRC73 provides further details to support Suppliers.

LCCC and ESC Bank Account Details are Changing from Monday 18 January 2016
2016-01-18
On Monday 11 January 2016, we informed Suppliers on behalf of the Low Carbons Contracts Company (LCCC) and Electricity Settlements Company (ESC) to advise that their bank accounts currently used for EMR are changing from Monday 18 January 2016. This was communicated via email to Suppliers and sent to their Primary Company, Finance Authorities and Finance Contacts as per your current registration details.
The new bank accounts for LCCC and ESC are to be used for each payment type from Monday 18 January 2016. This should support you in updating the details you have held for the LCCC and ESC bank accounts within your systems.

What action do I need to take?
Please ensure you update the account details with your systems to ensure payments are made into the correct bank account. Any payments made from Monday 18 January 2016 should be made into the new bank accounts. From Monday 18 January 2016 all CFD payments should be made into the same account, except cash Credit Cover payments, which should be made into the new collateral account. This change is designed to make making payments easier.

All future Daily CFD invoices will include the new bank account details. The first invoice issued with the new details will be Monday 11 January 2016 for payments due on Monday 18 January 2016.
All future CFD Quarterly Reconciliation and Reserve Payment invoices will include the new bank account details (same account as the daily CFD invoices).
The next Monthly Settlement Costs Levy invoices will include the new ESC bank account details. The next Settlement Costs Levy Invoice will be issued on Monday 1 February 2016.

To avoid any delays or rejections to your payments being received we’d encourage you to ensure you make payment into the correct bank account from Monday 18 January 2016. If you make payments by CHAPS or foreign payments these will bounce back to the payee. The old bank accounts will close shortly.

What if I’ve submitted a Direct Debit (DD) mandate for my invoices to be paid?
On Monday 4 January 2015, we issued a communication on DD and this did provide an indicative time-scale of when the earliest DD payment could occur. The following confirms that:

LCCC will notify you five working days in advance of your account being debited by DD.
ESC will notify you three working days in advance of your account being debited by DD.

This is supported by your invoice indicating if payment will be made by DD.

How does this impact CFD Credit Cover?
From Monday 18 January 2016, please pay any cash Credit Cover into the new collateral bank account. Any additional CFD Credit Cover required to be lodged should continue to be transferred into the bank account as detailed in the latest version of WP42 – Supplier CFD Credit Cover on the EMRS website. A new version of WP42 – Supplier CFD Credit Cover will be published on Monday 18 January 2016 containing the new collateral bank account details.
If you have any further queries please do call 020 7380 4333 or email contact@emrsettlement.co.uk.

EMRS Operational Management Board (OMB02)
2016-01-13 09:30 - 10:30 | ELEXON, 350 Euston Road, London, NW1 3AW, United Kingdom

Quarterly Reconciliation for 1 October 2015 to 31 December 2015
2016-01-12
We’ve informed Suppliers that the Quarterly Reconciliation for the quarterly obligation period 1 October 2015 to 31 December 2015 was performed on, Tuesday 12 January 2016. No invoices or backing data have been issued or will be issued, except for one Supplier.
At the end of June 2015, we notified Suppliers that the Low Carbon Contracts Company (LCCC) determined that both the interim levy rate and Total Reserve Amount for the quarterly obligation period 1 October 2015 to 31 December 2015 will be zero. As a result, Supplier payments for this quarterly obligation period will be zero for both the interim rate payment and reserve payment.
Performing the Quarterly Reconciliation adjusted Suppliers volumes and re-apportioned the late payment interest which was allocated across all Suppliers in a previous quarterly obligation period. This only impacted one Supplier.
We’ve emailed Suppliers Primary Company email, Finance Authorities and Finance Contacts as per your current registration details.

First invoice to include an Interim Rate payment
2016-01-12
The first invoice to include an Interim Rate payment will be issued on Tuesday 12 January 2016.
EMRC72 provides Suppliers with further details on Interim Rate payments, Credit Cover requirements, the Reserve Payment and the Quarterly Reconciliation for this quarterly obligation period.

Total Reserve Amount and Interim Levy Rate
2015-12-24 08:00 - 2015-12-31 18:00
The Low Carbon Contracts Company (LCCC) is required to determine the Total Reserve Amount and Interim Levy Rate for the quarterly obligation period 1 April 2016 to 30 June 2016.
Once confirmed, on behalf of the LCCC we’ll 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 Interim Levy Rate.

Deadline for "DECC Consultation on Reforms to the Capacity Market"
2015-12-10 17:00
DECC is seeking views on a number of changes to the electricity Capacity Market (CM), the way in which we ensure adequate electricity capacity is available in GB. The most significant of these will ensure that new-build generating plant which win agreements in the CM auction face the right incentives and penalties to ensure that they deliver fully and according to their agreements. This is intended to ensure that the mechanism operates as intended to maintain high levels of security of supply. Other changes are generally simplifications or minor, incremental improvements to the process, reflecting stakeholder suggestions and formal evaluation following the first auction last year.
You can view this consultation on Reforms to the Capacity Market on the DECC website.
Consultation closes at 5pm on 10 December 2015

EMRS Project Board
2015-12-09 15:00 - 16:30, 2015-11-11 15:00 - 16:30, 2015-10-07 15:00 - 16:30, 2015-09-09 15:00 - 16:30, 2015-08-12 15:00 - 16:30, 2015-07-09 15:00 - 16:30 | ELEXON, 350 Euston Road, London, NW1 3AW, United Kingdom
To find out more information on the EMR Settlement Project Board and its members, please click here.
If you have any queries about the EMR Settlement Project Board please contact us at contact@ermsettlement.co.uk.

Event for new Suppliers: Introduction to Contracts for Difference and Capacity Market on 3 December 2015
2015-12-03 10:00 - 14:30 | ELEXON, 350 Euston Road, London, NW1 3AW, United Kingdom
The Low Carbon Contracts Company (LCCC) and EMRS held an event for Suppliers on Thursday 3 December 2015 which provided an overview of the Electricity Market Reform, the different roles and responsibilities of the EMR Delivery Partners. The presentation material is available, the agenda and presentation slides for those that weren’t able to attend the event.
Additional Information:

For more information about Energy Intensive Industries (EII) please see the guidance document on the LCCC website, although this is likely to change subject to the outcome of State Aid approval which is currently pending.

LCCC and EMRS are waiting on the outcome of the current Ofgem consultation before we publish more guidance on Green Excluded Electricity.

LCCC publish details of all the contracts we currently manage. These are held in the publically accessible CFD Register on our website.

To access the Transparency Tool, please register as a Supplier on the LCCC website. You will then be able to access the Transparency Tool area which provides information about how the forecasts have been generated.

Supplier Obligation Regulations can be found here for you reference.

Two consultations you might be interested in, although they have now closed, are the Contracts for Difference Supplier Obligation: Improving efficiency & transparency and Low Carbon Contracts Company and Electricity Settlements Company operational costs 2016/17

Deadline for "DECC consultation on the LCCC and ESC operational costs 2016/17"
2015-12-03
On 5 November 2015, DECC launched the consultation on the Low Carbon Contracts Company (LCCC) and Electricity Settlements Company (ESC) operational costs 2016/17.
This consultation is seeking views on the proposed 2016/17 operational cost budgets and resulting levies for the LCCC and the ESC. The operational costs of these companies are recovered through levies on electricity Suppliers, as set out in legislation. The consultation closes on 3 December 2015 and responses can be emailed to emroperationalcosts@decc.gsi.gov.uk.
Following the outcome of the consultation, the operational cost levy rates for 2016/17 will be reflected in secondary legislation, which is intended to be laid in Parliament in early 2016, to come into force (subject to the will of Parliament) before 1 April 2016.

DECC Consultation Event on Reforms to the Capacity Market
2015-11-12 10:00 - 16:00
DECC are holding a Capacity Market Stakeholder Event on Thursday 12 November.
The event will be structured into two parts:

The morning (10.00 to 12.30) will discuss the recently published consultation on Reforms to the Capacity Market and there will be an opportunity to participate in a Q&A session with the Capacity Market team from DECC. The deadline to submit responses is 10 December 2015 at 5pm.
The afternoon (13.30 -16.00) will be a workshop on secondary trading and new build with the purpose of:

Understanding the proposals and answering any queries
Looking at worked examples of penalties

There is limited space, so please contact DECC as soon as possible to reserve a place. Send an email to Daniel St Martin (Daniel.stmartin@decc.gsi.gov.uk) indicating which session(s) you’d like to attend.

Deadline for "CFD Supplier Obligation: Consultation on improving efficiency & transparency"
2015-10-23
On Monday 14 September 2015, the Department of Energy and Climate Change (DECC) published CFD Supplier Obligation: Consultation on improving efficiency & transparency.
The deadline to submit responses is 11:45pm on Friday 23 October 2015.

Supplier event on 21 October 2015 – CANCELLED
2015-10-21 10:00 - 14:00 | ELEXON, 350 Euston Road, London, NW1 3AW, United Kingdom
The Low Carbon Contracts Company (LCCC) have decided to cancel this event on Wednesday 21 October 2015 due to the low number of attendees.
To ensure you still receive the ongoing support and information you need, please email the LCCC (cfdpreparations@lowcarboncontracts.uk) if you have any queries about the topics the event would have covered, listed below:

EMR forward look
Forecasting update
Energy Intensive Industries
EMRS Settlement activities update
EMRS to include CFD Supplier Credit Cover
DECC talk about the CFD Supplier Obligation

A response will be provided from the relevant delivery partner (LCCC, EMRS, BIS or DECC).
In addition, most of these topics were covered in the Supplier event held on 12 August 2015, so you can also view the agenda and slides from this event on the EMRS website.

DECC is hosting a CFD Supplier Obligation consultation event
2015-10-05 13:45 - 17:00
DECC is hosting a CFD Supplier Obligation consultation event on Monday 5 October 2015. This event will be an opportunity to discuss the proposals to amend the CFD Supplier Obligation with DECC.
The proposals are published in the consultation CFD Supplier Obligation: Consultation on improving efficiency & transparency. The deadline to submit responses is Friday 23 October 2015.
To register, please email CFDSupplierObligationConsultation@decc.gsi.gov.uk by Wednesday 30 September 2015. DECC anticipate sufficient space for all, but if the event is oversubscribed they reserve the right to allocate places on a first-come, first-served basis, and to restrict attendance to one person per organisation.
Please note the exact timing of the event and the location are subject to change, with final details being emailed to all attendees beforehand.
Further information can be found in EMRC59.

Capacity Market Credit Cover Submission
2015-10-02
Reminder for Credit Cover submission for participating in the Capacity Market Auctions.
Applicants that receive a notice from the EMR Delivery Body on prequalification results day, Friday 25 September 2015, confirming that prequalification of their Capacity Market Unit(s) (CMU) is conditional must provide Credit Cover. That Credit Cover must be lodged with the Electricity Settlements Company (ESC) to participant in a Capacity Market Auction.
At a high level the following tasks are required to be completed within 5 workings days of prequalification results day:

Lodge Credit Cover in the form of cash or Letter of Credit (or combination of both).
Complete and submit the Capacity Market Registration Form.

The details for the above are available within Working Practice 35 and 22 respectively, these are on the Working Practice page of our website.
We’ve put together Applicant Credit Cover FAQs that may answer your query, these are available on the FAQ’s page of our website. EMRC55 was issued to provide further details to Applicants and Capacity Providers on the Capacity Market Credit Cover and Registration processes with EMRS.

EMRS System Release go-live on 1 October 2015
2015-10-01
On 30 September 2015, we issued EMRC60 to confirm that the EMR Settlement System Release will go-live on, 1 October 2015.
The improvements made will enable the following new features:

Use of the Data Transfer Network (DTN)
Introduction of Energy Intensive Industries (EII) exemptions as per the Electricity Supplier Obligations (Amendment & Excluded Electricity) Regulations 2015
Reporting of Interest Payment and Interest Rate groups in backing data

Total Reserve Amount and Interim Levy Rate
2015-09-30
The Low Carbon Contracts Company (LCCC) is required to determine the Total Reserve Amount and Interim Levy Rate for the quarterly obligation period 1 January 2016 to 31 March 2016.
On the 30 September 2015 we issued to Suppliers a Reserve Payment Notice, detailing the Total Reserve Amount, the Supplier’s Reserve Payment and the Interim Levy Rate for the quarterly obligation period, which covers 1 January 2016 to 31 March 2016.
EMRC61 provides further details on the following:

What is the Interim Levy Rate and Total Reserve Amount?
What is used to calculate my Reserve Payment?
What is the reference period used?
When is the Reserve Payment invoiced?
Where is the CFD Reserve Payment guidance document located?
When does the CFD Supplier credit cover requirement commence?

Capacity Market - Prequalification Results Day 2015
2015-09-25
Applicants that receive a notice from the EMR Delivery Body on prequalification results day, Friday 25 September 2015, confirming that prequalification of their Capacity Market Unit(s) (CMU) is conditional must provide Credit Cover. That Credit Cover must be lodged with the Electricity Settlements Company (ESC) to participant in a Capacity Market Auction.
At a high level the following tasks are required to be completed within 5 workings days of prequalification results day:

Lodge Credit Cover in the form of cash or Letter of Credit (or combination of both).
Complete and submit the Capacity Market Registration Form.

The details for the above are available within Working Practice 35 and 22 respectively, these are on the Working Practice page of our website.
We’ve put together Applicant Credit Cover FAQs that may answer your query, these are available on the FAQ’s page of our website. EMRC55 was issued to provide further details to Applicants and Capacity Providers on the Capacity Market Credit Cover and Registration processes with EMRS.

LCCC and EMRS held a Supplier event on Wednesday 12 August 2015
2015-08-12 09:00 - 12:30
The Low Carbon Contracts Company (LCCC) and EMRS held an event for Suppliers on Wednesday 12 August 2015.
What this event covered?
These are the key highlights from the event:

Updates on the CFD schedule
Settlement activities
Energy Intensive Industries
Forecasting updates
Supplier payments/invoicing

The presentation slides and material from the event is available, Presentation Slides – Supplier Event 12 August 2015.

Introduction to the CFD/CM Arrangements for new Suppliers event
2015-07-22 09:00 - 14:05 | ELEXON, 350 Euston Road, London, NW1 3AW, United Kingdom
The Low Carbon Contracts Company (LCCC) and EMR Settlement Limited (EMRS) held a Supplier Event to introduce new Suppliers to the EMR arrangements on Wednesday 22 July 2015.
What this event covered?
The full agenda is available here and these are the key highlights from the event:

An overview of Electricity Market Reform
An overview of the different roles and responsibilities of the EMR Delivery Bodies
An introduction to the LCCC Forecasting team and functions
A session from EMRS on the charges for suppliers and how they are calculated

The presentation slides and material from the event is available, Introduction to EMR for New Suppliers and the Supplier Payments hand-out.

Capacity Market Stakeholder Event
2015-07-06 09:30 - 17:00
EMR Delivery Body (National Grid) hosted a Capacity Market Stakeholder Event covering a range of topics in preparation for the prequalification activities for the next T-4 Auction and also the Transitional Arrangements.
In our role as EMRS, we presented on the Applicant/Capacity Provider Credit Cover and Registration processes. We’ll also be providing an update on Metering Tests. Below are some of the other topics that were covered at this event.
Agenda:

Operational Plan Update
IS Update
Auction Parameters
Electricity Capacity Report
Role of Settlement Body
Ofgem
Prequalification
Auxiliary Load
Credit Cover

Where can I locate more information?
For the full slides that were presented on day, you can see the EMR Delivery Body’s website.

BSC changes to be implemented to support Energy Intensive Industry for Electricity Market Reform
2015-06-25
The Balancing and Settlement Code (BSC) changes to support Energy Intensive Industry (EII) for Electricity Market Reform (EMR) will be implemented as part of the June 2015 Release, today Thursday 25 June 2015.
This supports The Electricity Supplier Obligations (Amendment & Excluded Electricity) Regulations 2015 that came into force on 1 April 2015 to introduce the EII and green excluded electricity policy.

The EII policy is designed to exempt eligible EIIs from a proportion of CFD payments. The earliest the EII exemptions can apply will be the 1 October 2015.
Green excluded electricity policy is designed to exempt eligible imported renewable electricity from contributing to the costs of CFDs, specifically a Supplier’s CFD period contribution.

We’ve communicated via circulars on these topics and the most recent being EMRC47, however we previous circular sent were EMRC45 and EMRC41.
Who does this impact?
The Electricity Supplier Obligations (Amendment & Excluded Electricity) Regulations 2015 places obligations on Suppliers.
The changes to the BSC and the DTC will impact:

Suppliers
Half Hourly Data Aggregators

This will also be of interest to EIIs.
What changes will be implemented to the BSC for EII?
These are the BSC Sections and Code Subsidiary Documents (CSDs) impacted:

Section F – Modification Procedures
Section K – Classification and Registration of Metering Systems and BM Units
Section S – Supplier Volume Allocation
Section X – Annex X-1 – General Glossary
BSCP503: Half Hourly Data Aggregation for SVA Metering Systems Registered in SMRS

You can find the redlined BSC changes for DECC’s EII policy on the ELEXON website.
