Mutualisation: Processes, payments and practicalities webinar recording
Electricity suppliers have a number of obligations to recover costs from customers to fund schemes that promote low-carbon generation and security of supply. As a result of non-payment by some suppliers that exited the market last year the mutualisation of costs across the supply community was invoked for the first time.
This will occur again this year as non-payment will have increased as the level of supplier exits rises – the deadline for meeting this year’s final payment date for the Renewables Obligation (RO) is 31 October.
In addition, it is likely that expected payments for other schemes will also fall short, including the Feed-in Tariff programme and the Capacity Market – if and when this is reintroduced.
In this webinar our experts explained the processes that are followed when mutualisation is triggered for the different schemes, including any thresholds for invoking the mechanism, when payments are due and the basis on which the amount paid by suppliers is calculated.
We also touch briefly on the Contracts for Difference, Warm Home Discount and the Energy Company Obligation non-payment processes, but as these projected to have a lower impact we will not discuss in great detail.
Using our market knowledge we gave insight on the scale of the shortfall across the sector that suppliers are likely to face.
There will be opportunities to ask questions of the presenters during the webinar.
£125 + VAT for access to the recorded webinar and soft copies of the materials
Attendees will be provided with a web link.