Suppliers to receive refund of excess Operational Costs and Settlement Costs Levy for Financial Year 2018/19

EMRS, on behalf of the Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC), confirms for the Financial Year 2018/19 (1 April 2018 to 31 March 2019):

  • A repayment of excess CFD Operational Costs will be issued to Suppliers based on the Total Repayment of Excess Operational Costs: £4,189,307.23. On 10 July 2019, Suppliers received a credit note for repayment of excess CFD Operational Costs with a payment date of 17 July 2019.
  • A CM Settlement Costs Levy refund will be issued to Suppliers based on the Total Settlement Costs Levy Refund: £399,733.77. On 10 July 2019 Suppliers received a credit note for CM Settlement Costs Levy refund with a payment date of 17 July 2019.

Please be advised that there will be no associated backing data for the repayment of the excess for the CFD Operational Costs. Associated backing data will be issued for the Settlement Costs Levy refund.