Posted on: 22/08/2016

On 16 August 2016 ELEXON, and its subsidiary EMRS on behalf of Low Carbon Contracts Company Ltd (LCCC), made the first payment to a CFD generator under the Electricity Market Reform (EMR).

This marks a major milestone for the creation of EMRS’s new and independent payment systems required to deliver the settlements services for the Contracts for Difference scheme.

Mark Bygraves, CEO of ELEXON and EMRS, attributes the timely delivery of the new EMR payment and settlement IT systems to ELEXON’s industry expertise, and its ethos of service to industry and not for profit status.

Read the full press release published on the ELEXON website.