Settlement Data for CfD Generators

EMRS Settlement Calendar provides a schedule of when payments for Suppliers, CfD Generators and Capacity Provider will be invoiced, when payment is due, and if applicable, the Settlement Date and the Settlement Run.

For more information about how Market Reference Prices are used the please see the Contracts for Difference page.

Market Reference Prices are used to calculate CfD Generator payments. There are two classifications of generation under a CfD contract and each has its own Market Reference Price:

• Baseload Technologies (such as biomass with CHP);
• Intermittent Technologies (such as solar or wind).

EMRS calculates both these reference prices, known as the Intermittent Market Reference Price (IMRP) and the Baseload Market Reference Price (BMRP), on behalf of Low Carbon Contracts Company.

The BMRP is calculated on a seasonal basis pursuant to condition 15 of the Contract for Difference Standard Terms and Conditions. Baseload prices are calculated using a traded volume weighted average based on forward season data received from LEBA. The BMRP is published in April and October of each year.

The Intermittent Market Reference Price is calculated using day-ahead data received from EPEX SPOT and N2EX. An IMRP is calculated for every hour of the day pursuant to condition 21 of the Contract for Difference Standard Terms and Conditions.

Baseload Market Reference Price

Intermittent Market Reference Price

The Intermittent Market Reference Price is calculated using day-ahead data received from EPEX SPOT and N2EX. An IMRP is calculated for every hour of the day pursuant to condition 21 of the Contract for Difference Standard Terms and Conditions.

For more information about how Market Reference Prices are used the please see the Contracts for Difference page.

All Strike Price Adjustment (SPA) spreadsheets are now published on LCCC’s website.

LCCC also published ‘Strike Price Adjustment Guidance’ which helps CfD Generators understand the series of calculations that result in the Generators Annual Adjusted Strike Price. The document provides non-binding guidance and simplified worked examples of Strike Price adjustments for all contracts.

In instances where EMRS does not receive metered data for any Settlement Period on any Settlement day, it needs to run the settlement calculations in time for the invoices to be generated. This is mainly for two reasons:

• Meter Point Administration Number (MPAN) data has not been provided by the Data Aggregator; or
• Balancing Mechanism Unit (BMU) data from the Settlement Administration Agent (SAA) is delayed.

In order to maintain accuracy and reduce the impact on future reconciliation runs EMRS will use logic to provide estimates of missing data so that invoices can be generated according to the EMR Settlement Calendar. The logic used to default data will depend upon the type of EMR Party that has missing data and what data EMRS has available to use in the defaulting calculation. G13 – Defaulting Missing Data provides further details to support Suppliers and CfD Generators on this process. In the event, data default is applied Suppliers and CfD Generators will receive notification.

There are two types of email notification:

• Missing Metered Volumes via D0357
• Missing Metered Volumes from the Settlement Report

When a ‘Missing metered volumes from the Settlement Report’ notification is sent further information will be published below.