On 30 April 2018, EMRS issued EMRC156 to inform Suppliers they are required, under the Electricity Capacity (Supplier Payment etc.) Regulations 2014, to provide a forecast of their Gross Demand for the Period of High Demand (Peak Period) for the 2018/19 Delivery Year, by 1 June 2018.
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 (ESC), will be issuing the forecast template for Suppliers to submit their demand forecast.
EMRC156 provides 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?