Settlement Data for Suppliers

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.

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.

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 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 receive an automated email to notify them.

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 will be published below.

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 2021 to 30 September 2022:

Auction	Clearing Price*	CPI Adjustment Multiplier**	Adjusted Capacity Cleared Price***
2014 T-4	£19,400.00 MW	1.11960	£21,720.275 MW
2015 T-4	£18,000.00 MW	1.09413	£19,694.420 MW
2016 T-4	£22,500.00 MW	1.09164	£24,561.804 MW
2017 T-4	£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.

The table below illustrates the CCP adjusted for CPI for Delivery Year from 1 October 2022 to 30 September 2023:

Auction	Clearing Price*	CPI Adjustment Multiplier**	Adjusted Capacity Cleared Price***
2014 T-4	£19,400.00 MW	1.187235	£23,032.353 MW
2015 T-4	£18,000.00 MW	1.160229	£20,884.120 MW
2016 T-4	£22,500.00 MW	1.157579	£26,045.532 MW
2017 T-4	£8,400.00 MW	1.13681	£9,549.201 MW
2019 T-3	£6,440.00 MW	1.105809	£7,121.407 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 2017 and Final Auction Results T-3 2019 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.