Payments voluntary while Capacity Market suspended, says Beis


Energy suppliers will not be subject to mandatory payments to meet Capacity Market levies while the fate of the market is being determined, Beis has decided.

But suppliers will be invoiced and have to pay in full within a few weeks of any ‘triggering event’ that reinstates the market.

Beis will enable suppliers to make “prudent provision in the interim, including through making voluntary payments to the ESC (Electricity Settlements Company)”, to ensure they can pay the full amount of supplier charges promptly when they become due.

Read more at our sister title, New Power.

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