Here you will find all the key information on settlement if you are a Supplier.

EMRS Settlement Calendar

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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.

EMR Settlement Calendar 2024/2025

Revision: 1 Date of Publication: 25.03.2024
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EMR Settlement Calendar 2023/2024

Revision: 3 Date of Publication: 25.01.2024
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EMR Settlement Calendar 2022/2023

Revision: 6 Date of Publication: 09.08.2023
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EMR Settlement Calendar 2021/2022

Revision: 3 Date of Publication: 22.06.2021
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EMR Settlement Calendar 2020/2021

Revision: 2 Date of Publication: 27.03.2020
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EMR Settlement Calendar 2019/2020

Revision: 1 Date of Publication: 22.03.2019
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Key Payment Figures

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This document sets out the main rates and amounts used in the calculation of payments under both the Contracts for Difference (CFD) and Capacity Market (CM) schemes. For example, it includes the Interim Levy Rate for the CFD scheme and Weighting Factors for the CM scheme.

Key Figures for Payments 2024/25

Revision: 7 Date of Publication: 15.07.2024
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Key Figures for Payments 2023/24

Revision: 12 Date of Publication: 05.06.2024
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Key Figures for Payments 2022/23

Revision: 15 Date of Publication: 05.06.2024
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Key Figures for Payments in 2021/22

Revision: 14 Date of Publication: 28.09.2023
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Key Figures for Payments in 2020/21

Revision: 11 Date of Publication: 02.03.2023
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Key Figures for Payments in 2019/20

Revision: 7 Date of Publication: 09.02.2022
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Key Figures for Payments in 2018/19

Revision: 12 Date of Publication: 28.09.2018
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Defaulting Missing Data

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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.

Capacity Cleared Price Adjusted for UK Consumer Prices Index

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Capacity Cleared Price (CCP) is adjusted for UK Consumer Prices Index (CPI) for T-4 and T-3 Auctions only.

This must be calculated no later than three months before the commencement of the Delivery Year. CPI adjusted CCP is calculated in pounds per MW and is the price at which Capacity Payments are payable in respect of Capacity Market Units (CMU) for the Delivery Year. This is detailed within the Electricity Capacity Regulations 2014 (as amended).

The table below illustrates the CCP adjusted for CPI for Delivery Year from 1 October 2023 to 30 September 2024:

Auction Clearing Price* CPI Adjustment Multiplier** Adjusted Capacity Cleared Price***
2014 T-4 £19,400.00 MW 1.308300 £25,381.03 MW
2015 T-4 £18,000.00 MW 1.278541 £23,013.73 MW
2016 T-4 £22,500.00 MW 1.275621 £28,701.47 MW
2017 T-4 £8,400.00 MW 1.252733 £10,522.96 MW
2019 T-3 £6,440.00 MW 1.218571 £7,847,60 MW
2019 T-4 £15,970.00 MW 1.193988 £19,067.99 MW

The table below illustrates the CCP adjusted for CPI for Delivery Year from 1 October 2024 to 30 September 2025:

Auction Clearing Price* CPI Adjustment Multiplier** Adjusted Capacity Cleared Price***
2014 T-4 £19,400.00 MW 1.355878 £26,304.03 MW
2015 T-4 £18,000.00 MW 1.325036 £23,850.64 MW
2016 T-4 £22,500.00 MW 1.322010 £29,745.22 MW
2017 T-4 £8,400.00 MW 1.298290 £10,905.64 MW
2019 T-3 £6,440.00 MW 1.262885 £8,132.98 MW
2019 T-4 £15,970.00 MW 1.237408 £19,761.41 MW
2020 T-4 £18,000.00 MW 1.219968 £21,959.43 MW

*As stated in the Final Auction: Results T-4 Capacity Market Auction 2014, Auction Results: T-4 Capacity Market Auction 2015, Auction Results: T-4 Capacity Market Auction 2016, Auction Results: T-4 Capacity Market Auction 2017Final Auction Results: T-3 2019 and Final Auction Results: T-4 Capacity Market Auction 2020 for this table it’s been converted from £ per kW to £ per MW.
** “CPI” means the UK Consumer Prices Index (All Items) published monthly by the Office for National Statistics or, if such index ceases to be published, such other index as may replace it.
*** As stated in the Electricity Capacity Regulations 2014 (as amended) to calculate the price in pounds per MW.

G17 – Capacity Provider Payments illustrates a worked example of Capacity Cleared Price (CCP) adjusted for inflation in Appendix 4.

Credit Cover Default Register & Non-payment Register

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On behalf of Electricity Settlements Company (ESC) we publish the Capacity Market Credit Cover Default Register in relation to the Electricity Capacity (Supplier Payment etc.) Regulations 2014, as amended and the Capacity Market Non-Payment Register in relation to the Electricity Capacity Regulations 2014, as amended.

Capacity Market Non-Payment Register sets out the names and details relating to Suppliers and Capacity Providers who have not paid an invoice under these regulations by 5:00 pm on the payment due date.

Capacity Market Credit Cover Default Register contains details of Suppliers who have entered Stage 1 or Stage 2 Credit Cover Default. Suppliers who subsequently lodge Credit Cover whilst in Stage 1 Default will be removed from the register. Suppliers who enter Stage 2 Default will remain on the register up to 295 Working Days following the end of the relevant Delivery Year.

Capacity Market Non-Payment Register

Revision: 1 Date of Publication: 03.07.2024
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Capacity Market Credit Cover Default Register

Revision: 1 Date of Publication: 29.04.2024
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