Suppliers to receive refund of excess Operational Costs and Settlement Costs Levy for Financial Year 2017/18Posted on:
On the 27 July 2018, EMRS issued EMRC161, on behalf of Low Carbon Contracts Company (LCCC) and Electricity Settlements Company (ESC), to confirm for the Financial Year 2017/18 (1 April 2017 to 31 March 2018):
- A repayment of excess CFD Operational Costs will be issued to Suppliers based on the Total Repayment of Excess Operational Costs: £2,660,765.77. On 31 July 2018 Suppliers will receive a credit note for repayment of excess CFD Operational Costs with a payment date of 7 August 2018.
- CM Settlement Costs Levy refund will be issued to Suppliers based on the Total Settlement Costs Levy Refund: £702,707.81. On 1 August 2018 Suppliers will receive a credit note for CM Settlement Costs Levy refund with a payment date of 8 August 2018.
Please be advised that there will be no associated backing data for the repayment of excess for the Operational Costs. Associated backing data will be issued for the Settlement Costs Levy refund.