EMRS, on behalf of the Low Carbon Contracts Company (LCCC) would like to reminder Suppliers that 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 considers the amount is too high; and
- the period over which the TRA is calculated is offset such that it aligns with the period over which ILR payments are received.
These changes were consulted upon through the Contracts for Difference Supplier Obligation: Improving efficiency and transparency consultation and the outcomes were published in January 2016.