Suppliers are required, under the Electricity Capacity (Supplier Payment etc.) Regulations 2014, to provide a forecast of their Net Demand for the Period of High Demand (Peak Period) for the 2017/18 Delivery Year, by 1 June 2017. This forecast is used to calculate Suppliers’ monthly Capacity Market Supplier Charge and monthly Credit Cover requirements. On 2 May...
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On 8 June 2017, EMRS, Electricity Settlements Company (ESC) and the EMR Delivery Body hosted a webinar on Preparing for the Delivery Year 2017/18. The webinar was designed to support Capacity Providers in their preparation for the Delivery Year 2017/18 in the activities they may need to complete before the start of the Delivery Year. With over 60 participants,... |
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LCCC to determine the Total Reserve Amount (TRA) and Interim Levy Rate (ILR)
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 2017 to 31 December 2017. 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...
Deadline for applications for Green Excluded Electricity
Suppliers they have until the 30 June 2017 to apply for a determination that an amount of electricity supplied is Green Excluded Electricity (GEE) for the quarterly obligation period 1 October 2016 to 31 December 2016. Suppliers seeking a determination that an amount of electricity supplied is GEE must be in accordance with the Contracts for... |
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Interim Levy Rate for Quarterly Obligation Period 1 July 2017 to 30 September 2017 of £1.553/MWh now applies until 30 September 2017
The Low Carbon Contracts Company (LCCC) had previously determined the ILR for the quarterly obligation period 1 July 2017 to 30 September 2017 of £1.553/MWh. Suppliers should ensure their lodged Credit Cover is still sufficient. Further details are available in WP42 - Supplier CFD Credit Cover and G5 - Supplier CFD Credit Cover which are available on...
Regulations change to the CFD Supplier Obligation
From the 1 July 2017, the Electricity Supplier Payments (Amendment) Regulation 2017 brings in changes to the CFD Supplier Obligation. EMRC125 was issued to highlight these changes: the payment terms for the Quarterly Supplier Reconciliation Invoice reduce from 90 calendar days to five working days (WDs); LCCC can reduce the Total Reserve Amount (TRA) under certain conditions if it... |
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