Following the recent Capacity Market Auctions, once the Final Auction Results have been published, EMRS will be able to receive and process requests for the release of Credit Cover.
The Final Auction Results will be published as follows:
- T-1 2025/26 Final Auction Results already published and available here.
- T-4 2028/29 Provisional Auction Results published here. Final Auction Results will be published on Friday 21 March 2025.
The Capacity Market Registers will also be updated to reflect the Credit Cover amount required.
WP35 – Capacity Market Applicant/Capacity Provider Credit Cover details the returns process and the Cash Credit Cover Return Form. Please ensure you state the following information when requesting the release of Credit Cover:
- Letter of Credit ID and amount
- Cash amount
- CMU ID/s
- Request is coming from an Authorised Contact
Once the release of Credit Cover has been approved by ESC, Cash Credit Cover will be released into the bank account specified by the Applicant within My EMRS, or the Cash Credit Cover Return Form. The Letters of Credit will then be cancelled via SWIFT notification to the issuing bank.
If you have any questions please email [email protected] or call us on 020 7380 4333.