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Contracts for Difference
EMR Delivery Body Role
In our role as EMR Delivery Body, National Grid ESO is responsible for:
Producing annual Electricity Capacity Reports for Government to advise on capacity requirements in order to meet the published reliability standard.
Administering key elements of the Capacity Market including;
Capacity Market Register
Administering key elements of the CfD regime including;
Application and Qualification
EMR Delivery Partners
CM Delivery Partners:
Department for Business, Energy and Industrial Strategy (BEIS)
set the CM policy and oversee the changes to it. The role also includes reviewing the CM legislation.
works to ensure that market arrangements are fit for purpose. It monitors the CM, manages the changes to the Rules and is responsible for handling Tier 2 application appeals.
EMR Settlement Limited
deliver settlement for CM, manage and collect metering data for key processes in addition to calculating, managing and collecting the settlement of payments by Capacity Providers.
Electricity Settlements Company (ESC)
provides control of the monies collected and disbursed under the CM (Payment) Regulations.
CfD Delivery Partners:
sets the policy and goverance arrangements for the scheme, inlcuding the Allocation Rules, timing and budgets of Allocation Rounds and Administrative Strike Prices.
is responsible for handling Tier 2 application appeals.
Low Carbon Contracts Company (LCCC)
is the CfD counterparty under the Regulations, responsible for processing requests for minor and necessary modifications at the outset of an Allocation Round, issuing CfDs in accordance with the CfD Allocation, managing them through various milestones during the project delivery phase and making CfD payments during the operation phase.
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BEIS - CM
EMR SETTLEMENT LTD
OFGEM - CM
ELECTRICITY CAPACITY REGULATIONS
LATEST CM RULES
BEIS - CfD
OFGEM - CfD
ELEXON - CfD
Terms and Conditions