ESC Annual Performance Report- 2016
Posted 04.06.2016
The Electricity Settlements Company (ESC) Annual Performance Report for 2022 provides an overview of the Capacity Market’s operations, financial performance, and future focus areas. Key highlights include successful auction outcomes, advancements in metering tests and data quality, a robust financial position allowing for a levy return to suppliers, and initiatives aimed at streamlining processes and improving data utilisation for Capacity Providers.
Here's what to expect:
- Capacity Market Overview: The report begins with an introduction to the Capacity Market (CM), highlighting its role in ensuring security of supply during peak demand times through capacity agreements awarded via auction. The ESC, as the Settlement Body for the CM, is responsible for collecting funds from electricity suppliers to pay capacity providers.
- Auction Results: It details the outcomes of the T-1 and T-4 auctions held in 2022, including the capacity procured and the clearing prices. For instance, the T-1 auction secured 4.99 GW at £75/kW/yr for the 2022/23 capacity year, and the T-4 auction secured just under 42.4 GW at £30.59/kW/yr for the 2025/26 capacity year.
- Metering Tests and Data Quality: The report emphasises the importance of metering tests to ensure the integrity of the CM and the accuracy of meter data. It also discusses initiatives to improve data quality, such as automation of the Satisfactory Performance Day process and proactive measures for accurate metering aggregation setup.
- Financial Performance and Future Focus: The ESC reports a good fiscal performance, with the ability to return £520k of the settlement costs levy to suppliers. Looking ahead, the ESC plans to continue streamlining processes, focus on data utilization, and develop tools to assist Capacity Providers in stress event preparation.
ESC Annual Performance Report 2016