Supplier Capacity Market Demand Forecast due 31 May 2024

Posted on: 29/04/2024

In early May, we will issue Demand Forecast templates to Suppliers to submit their demand forecast. Suppliers are required, under the Electricity Capacity (Supplier Payment etc.) Regulations 2014, to provide a forecast of chargeable demand for the period of high…

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Summer 2024 Baseload Market Reference Price

Posted on: 05/04/2024

The Baseload Market Reference Price (BMRP) for the calculation season Summer 2024, which covers 1 April 2024 to 30 September 2024, is as follows: Season:        Summer 2024 BMRP:             £80.52/MWh This is now available on the Settlement…

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Now Available: EMRS Settlement Calendar 2024/25

Posted on: 27/03/2024

EMRS has now published the EMRS Settlement Calendar covering settlement days from 1 April 2023 to 31 March 2024. This provides Capacity Providers, CfD Generators and Suppliers details of when invoices will be issued, when payments are due, and if applicable, the Settlement Date and the…

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Now implemented! Changes to Energy Intensive Industries Exemptions

Posted on: 27/03/2024

On the 20 March 2024, the changes to the Energy Intensive Industries exemptions were successfully approved by parliament and the regulations are effective from the 1 April 2024. You can view the Electricity Supplier Obligations (Excluded Electricity) (Amendment) Regulations…

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CfD Supplier Credit Cover Deadline – 28 March 2024

Posted on: 18/03/2024

Suppliers are required to maintain their Credit Cover requirement using the Interim Levy Rate applicable for the Quarterly Obligation Period. The Interim Levy Rate of £11.522/MWh is effective from 1 April 2024 to...

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LCCC confirms ILR and TRA for Q3 2024

Posted on: 18/03/2024

On 18 March 2024, LCCC issued a Bulletin to confirm for the Quarterly Obligation Period 1 July 2024 to 30 September 2024 as follows: • Interim Levy Rate is £11.816/MWh • Total Reserve Amount is £213,397,705.39 Suppliers will receive formal notices…

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CMAG – Expert Subgroup to Review existing Independent Technical Expert (ITE) provisions

Posted on: 15/03/2024

Last month, the Capacity Market Advisory Group (CMAG) discussed reviewing the existing Independent Technical Expert (ITE) provisions within the Capacity Market Rules. An action from the meeting was that an...

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LCCC Confirms ILR and TRA for Q2 2024

Posted on: 15/02/2024

This news item was updated on 15 February 2024 following LCCC issuing a Stakeholder Bulletin to confirm an adjustment to the Interim Levy Rate and Total Reserve Amount from 1 April 2024 to 30 June 2024 as follows: Increase Interim…

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Adjustment to Interim Levy Rate and Total Reserve Amount from 1 April 2024

Posted on: 15/02/2024

On 15 February 2024, LCCC issued a Stakeholder Bulletin to confirm an adjustment to the Interim Levy Rate and Total Reserve Amount from 1 April 2024 to 30 June 2024 as follows: Increase Interim Levy Rate to £11.522/MWh from £7755/MWh Decrease…

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Capacity Market Auction Parameters Published for T-1 2024/25 and T-4 2027/28

Posted on: 01/02/2024

On 26 January 2024, the parameters for the Capacity Market T-1 2024/24 and T-4 2027/28 Auctions were concluded. They are published and can be accessed here on the government website. National Grid ESO submitted their recommendations for the Auctions to…

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