Capacity Market providers paid over £1bn in deferred payments
The Electricity Settlements Company (ESC) has confirmed that capacity providers have been paid over £1bn in deferred payments relating to the standstill period for the Capacity Market.
The ESC announced that the payments had been successfully made in its press release on 20 January 2020.
The ESC’s statement highlighted work done by ELEXON’s wholly owned subsidiary EMR Settlement Ltd, in ensuring that the payments were made.
EMR Settlement Ltd (EMRS) is the Settlement Services Provider to the Low Carbon Contracts Company and the ESC, delivering settlement services for both the Capacity Market and the Contract for Difference schemes.
Find out more about the Capacity Market
See more information about how the Capacity Market works on the EMRS website.