In early May, we will issue Demand Forecast templates to Suppliers to submit their demand forecast.
Suppliers are required, under the Electricity Capacity (Supplier Payment etc.) Regulations 2014, to provide a forecast of chargeable demand for the period of high demand, which is 4:00pm to 7:00pm on Working Days from November through to February for the 2024/25 Delivery Year. This forecast is used to calculate Suppliers’ monthly Capacity Market Supplier Charge and monthly Credit Cover requirements for 2024/25 Delivery Year.
What is new for Suppliers with EII customers?
From 1 April 2024, the Capacity Market was included in the Energy Intensive Industries (EII) Exemption. As per the updated regulations, the demand forecast process will now use the chargeable values for the periods of high demand; this is gross demand minus any EII Exemptions. It will be essential for Suppliers to work with their EIIs customers to forecast their demand for the periods of high demand which will be required to be minus from the Suppliers gross demand.
More information on this recently implemented change is available here: Changes to Energy Intensive Industries Exemptions.
How do I submit my demand forecast?
You will receive an automated email from our Settlement System which includes the following:
- CSV forecast template to be completed, saved and attached to your reply to the Service Desk.
- Supporting Instructions (PDF) containing your actual peak demands for the previous two Delivery Years (where available).
Reminders emails will be issued at specified intervals and these are at seven, two and one working day prior to the 31 May 2024 demand forecast deadline.
Supporting information
Please visit the Stakeholder Support – CM Supplier webpage and select ‘Supplier Charge Market Demand Forecast’ which provides information on completing your forecast. We also have WP5 – Supplier Capacity Market Demand Forecast and G12 – Supplier Capacity Market Demand Forecast available for you to download.
Once all forecasts are received and reviewed, we will look to send Supplier’s their Schedule of Supplier’s Monthly CM Supplier Charges and Credit Cover by the end of July 2024.
Please get in touch with us if you have any queries.