Here you will find all the key information on settlement if you are a Supplier.
EMRS Settlement CalendarArrow
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.
Key Payment FiguresArrow
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.
Capacity Cleared Price Adjusted for UK Consumer Prices IndexArrow
Capacity Cleared Price (CCP) is adjusted for UK Consumer Prices Index (CPI) for T-4 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:
|Auction||Delivery Year||Clearing Price*||CPI Adjustment Multiplier**||Adjusted Capacity Cleared Price***|
|2014 T-4||1 October 2018 to 30 September 2019||£19,400.00 MW||1.073635||£20,828.517 MW|
|2014 T-4||1 October 2019 to 30 September 2020||£19,400.00 MW||1.09574||£21,257.356 MW|
|2015 T-4||1 October 2019 to 30 September 2020||£18,000.00 MW||1.070815||£19,274.678 MW|
|2014 T-4||1 October 2020 to 30 September 2021||£19,400.00 MW||1.11140||£21,561.238 MW|
|2015 T-4||1 October 2020 to 30 September 2021||£18,000.00 MW||1.08612||£19,550.214 MW|
|2016 T-4||1 October 2020 to 30 September 2021||£22,500.00 MW||1.08364||£24,381.968 MW|
|2014 T-4||1 October 2021 to 30 September 2022||£19,400.00 MW||1.11960||£21,720.275 MW|
|2015 T-4||1 October 2021 to 30 September 2022||£18,000.00 MW||1.09413||£19,694.420 MW|
|2016 T-4||1 October 2021 to 30 September 2022||£22,500.00 MW||1.09164||£24,561.804 MW|
|2017 T-4||1 October 2021 to 30 September 2022||£8,400.00 MW||1.07205||£9,005.214 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 and Auction Results: T-4 Capacity Market Auction 2017 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.