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Market research & Insight

Issue 3 - Q4 2017

Steven Britton Steven Britton Senior Analyst

1 Headlines 1.1 Revenue developments In Q4 2017, the main issues that could affect your revenue were: Amendments to supplier regulations – Schedule 2 of the Amendments to the Supplier Payment Regulations of the Electricity Capacity (amendment) Regulations 2017 came into force on 1 January 2018 which mean the calculation of the Capacity Market Supplier Charge and the settlements costs levy are calculated using gross demand, rather than net demand Unsuccessful injunction against CMP264/265 brought forwards – The claimants in the judicial review against Ofgem’s decision to approve CMP264/265 also applied for an injunction to have the changes delayed so they would not affect the capacity auction held on 30 January. This was unsuccessful Clarity given on co-locating RO/FiT generation with storage – Ofgem issued draft guidance for co-locating storage facilities with generation accredited under the Renewables Obligation or Feed-in Tariff  scheme, which will help generators understand how to retain their accreditation P344 being sent for second industry consultation – The modification that will prepare the BSC for the implementation of Project TERRE in late 2019 has been sent for a second consultation round. This includes the creation of new Replacement Reserve products and a joint European platform for it 1.2 Cost developments In Q4 2017, the main issues that could affect your costs were: Five-year and TNUoS Forecasts and October TNUoS Forecast for 2018-19 – National Grid also published the five-year and quarterly forecasts for TNUoS charges. Overall allowed revenue is forecast to increase by 17% to £3,478.4mn between 2019-20 and 2022-23, while for 2018-19 the ...

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