Suppliers to receive refund of excess Operational Costs and Settlement Costs Levy for Financial Year 2019/20

On 1 October 2020, EMRS issued EMRC220 to inform that Suppliers are to receive a refund of excess Operational Costs and Settlement Costs Levy for Financial Year 2019/20 (1 April 2019 to 31 March 2020).

  • A repayment of excess CfD Operational Costs will be paid to Suppliers based on the Total Repayment of Excess Operational Costs: £4,865,798.99.
  • A CM Settlement Costs Levy refund will be paid to Suppliers based on the Total Settlement Costs Levy refund: £614,295.99.

Only Suppliers who made Operational Costs and Settlement Costs Levy Payments during the Financial Year 2019/20 will receive credit notes on 1 October 2020 for both the repayment of excess CfD Operational Costs and the CM Settlement Costs Levy refund with a payment date of 8 October 2020.