Summer 2021 Baseload Market Reference PricePosted on:
The Baseload Market Reference Price (BMRP) for the calculation season Summer 2021, which covers April 2021 to September 2021 is 48.47 £/MWh.
How will the BMRP be used?
BMRP is used to calculate CfD payments to Baseload Generators for Baseload Difference Amounts. When the BMRP is below a pre-agreed £/MWh value (Strike Price), as set out in a CfD Generator’s contract, top-up payments are made by LCCC to the CfD Generator to make up the difference between the BMRP and the Strike Price. When the BMRP is above the Strike Price, the CfD Generator pays LCCC the difference.
How is the BMRP calculated?
EMRS calculates the BMRP on behalf of LCCC. The BMRP is calculated on a seasonal basis in accordance with the Contract for Difference Standard Terms and Conditions. BMRP for Winter 2021 will be published in October 2021. The BMRP is calculated using volume weighted average prices based on Baseload Forward Season Contracts reported by LEBA.
What are previous BMRP values?
The BMRP for the Winter 2020 season to 31 March 2021 was 44.91 £/MWh. For further historical BMRP values, please go to Settlement Data.