Supplier’s Capacity Market Monthly Credit Cover Deadline
You must lodge enough Credit Cover no later than 12 working days before the start of the month to meet your monthly Credit Cover requirement for each month of the...
Who we are
EMR Settlement Limited (EMRS) is a wholly owned subsidiary of Elexon Limited. EMRS has delivered the role of EMR Settlement Services Provider on behalf of the Low Carbon Contracts Company (the CfD and Nuclear RAB Counterparty) (LCCC) in relation to CfD and Nuclear RAB, and on behalf of the Electricity Settlements Company (the CM Settlement Body) (ESC) in relation to the CM.
Publications
G12 – Supplier Capacity Market Demand Forecast
This document supports Suppliers in submitting their demand forecast ahead of the deadline on 31 May 2024.
The document includes details on:
- What is included in the forecast template you will receive.
- What format the forecast should be in.
- What process checks we carry out on the forecasts.
News
Supplier Capacity Market Demand Forecast due 31 May 2024
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.
