Contracts for Difference

EMRS starts publishing the Baseload Market Reference Price

EMRS calculates a Baseload Market Reference Price (BMRP) and an Intermittent Market Reference Price (IMRP) on behalf of the Low Carbon Contracts Company. We have published the BMRP for summer 2016 which covers April 2016 to September 2016 on…

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ELEXON makes its first payment to a CFD Generator a success

On 16 August 2016 ELEXON, and its subsidiary EMRS on behalf of Low Carbon Contracts Company Ltd (LCCC), made the first payment to a CFD generator under the Electricity Market Reform (EMR). This marks a major milestone for the creation of…

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Suppliers to receive an Operational Costs and Settlement Cost Levy Refund for Financial Year 2015/2016

On 20 July 2016 Suppliers received a Credit Note for Operational Costs Refund and similarly, on 22 July 2016 for Settlement Cost Levy Refund. The payment date for both is 27 July 2016. For more information about the total amount refunded…

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EMRS has started publishing the Intermittent Market Reference Price

EMRS calculates both an Intermittent Market Reference Price (IMRP) and a Baseload Market Reference Price (BMRP) on behalf of the Low Carbon Contracts Company, in its capacity as the Settlement Agent. The IMRP is now available on the …

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LCCC has determined the Total Reserve Amount and the Interim Levy Rate for the Quarterly Obligation Period 1 October to 31 December 2016

Low Carbon Contracts Company (LCCC) has determined the Total Reserve Amount and the Interim Levy Rate for the Quarterly Obligation Period 1 October 2016 to 31 December 2016 as follows: Total Reserve Amount £4,667,196.15 Interim Levy Rate £1.016/MWh EMRC89…

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Reminder: Suppliers required to lodge CFD Credit Cover by 5pm on 30 June 2016

Suppliers are reminded that under the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014 as amended, they need to lodge Credit Cover by the 30 June 2016 for the Quarterly Obligation Period 1 July 2016 to 31 September 2016. How much…

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Quarterly Reconciliation for CFD Obligation Period 1 January to 31 March 2016 to return Reserve Payments and Interim Rate Payments paid by Suppliers for this period

The Reconciliation of the CFD Quarterly Obligation period 1 January 2016 to 31 March 2016 is scheduled to take place on 11 April 2016. This process will return the Reserve Amounts paid, on 7 January 2016, by Suppliers, as well…

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CM Settlement Costs Levy Schedule and CFD Operational Levy Rate for financial year 2016/17

From 1 April, EMRS will begin to use a new CM Total Settlement Costs Levy amount (£4,283,000.00) when calculating Supplier’s monthly Settlement Costs Levy payment for the 2016/17 financial year. A new CFD Operational Levy Rate (£0.0509 per MWh) will…

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LCCC has determined the Interim Levy Rate and Total Reserve Amount ( July 2016 to 30 September 2016)

We issued EMRC 78 to inform Suppliers that the Low Carbon Contracts Company (LCCC) has determined the Interim Levy Rate and Total Reserve Amount for…

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Government response to CFD supplier obligation: consultation on improving efficiency and transparency

In September 2015, the government issued a consultation that proposed a series of technical amendments to the CFD supplier obligation with the aim of reducing costs to consumers by:  Improving the efficiency of the design of the supplier obligation through changes…

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