Extract from Lords motion to approve the Electricity Supplier Obligations (Green Excluded Electricity) (Amendment) Regulations 2023 - Mar 20

The Parliamentary Under-Secretary of State, Department for Energy Security and Net Zero (Lord Callanan) (Con):...Once these amended regulations come into force, suppliers will no longer be required to provide evidence of imported electricity. Only data on electricity demand obtained by EMR Settlement Ltd from the GB balancing mechanism will be used to calculate suppliers’ liability for CfD payments, or alternatively, CfD refunds in the event of net generator payments back into the scheme. EMR Settlement is a wholly owned subsidiary of Elexon Ltd and provides settlement services—the collection and distribution of payments from and to suppliers and CfD generators, on behalf of the Low Carbon Contracts Company...

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