We’ve now published the Overview of EMR Settlement Working Practice, available on our Working Practices webpage.
The purpose of this working practice is to provide an overview of Electricity Market Reform (EMR) settlement from receipt of contract or agreement details and metered data through to final exchange of funds.
Payments will start to be made under the EMR arrangements later this year. Suppliers are responsible for funding the Contracts for Difference (CFD) and Capacity Market (CM) schemes with CFD Generators and Capacity Providers in the main entitled to payments, though in certain circumstances they may have to make payments back.
We have issued EMR Circular 35 to inform Stakeholders this has been published.