Guidance and Publications

ESC Annual Report Performance Report 2022

Posted 25.01.2023

The ESC Annual Performance Report for the year 2022 provides an overview of the Electricity Settlements Company’s activities and achievements. It covers the operational aspects of the Capacity Market, including auctions, metering tests, and the settlement costs levy. The report highlights the company’s focus on data utilization and automation to improve efficiency and accuracy in the Capacity Market operations.

Key Points:

1. Auctions and Pre-Qualification Requirements: The report details the auctions conducted, including the T-1 auction for the 2022/23 capacity year and the T-4 auction for the 2025/26 capacity year. It also discusses the pre-qualification requirements for capacity providers, such as lodging credit cover with ESC.
2. Metering Tests and Data Integrity: ESC conducted 81 component tests for 51 CMUs and completed 16 metering site visits to ensure the integrity of metering arrangements. The report emphasszes the importance of accurate metering data for the credibility of the Capacity Market.
3. Financial Performance and Levy Adjustments: The report outlines the financial performance of ESC, noting a decrease in the settlement costs levy for the financial year 2021/22 and the return of excess levy funds to suppliers. It also mentions the company’s efforts to automate processes and improve data quality to reduce administrative burdens and enhance scheme operations.