Suppliers are required to lodge CFD Credit Cover
We would like to inform Suppliers that they have an obligation to lodge CFD Credit Cover for the quarterly obligation period 1 January 2016 to 31 March 2016. The obligations related to Credit Cover are detailed within the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014.
To support Suppliers in this task, EMRS have provided a circular with further details in terms of how to lodge, calculate and monitor Credit Cover. Their documents will also support Suppliers in these areas:
- Working Practice 42 - Supplier CFD Credit Cover
- Guidance G5 - Supplier Credit Cover
On 25 November, EMRS issued EMRC66 explaining the above documents. Please review for further information.