On 2 May 2017 EMRS informed Suppliers they are required, under the Electricity Capacity (Supplier Payment etc.) Regulations 2014, to provide a forecast of their Net Demand for the Period of High Demand (Peak Period) for the 2017/18 Delivery Year, by 1 June 2017. This forecast is used to calculate Suppliers’ monthly Capacity Market Supplier Charge and monthly Credit Cover requirements.
This week, EMRS, on behalf of Electricity Settlements Company, will issue the forecast template for Suppliers to submit their demand forecast.
EMRC121 provides Suppliers with information on:
- What is included in the forecast template?
- What format should my forecast be in?
- What checks will EMRS carry out on submitted forecasts?
- What are the key dates?
- What are the escalation routes if forecasts aren’t submitted?
We have published a Guidance Document and a Working Practice to help Suppliers with this process.