Levelisation Reconciliation Electricity Single-rate/Multi-register Split
Summary
This Change Proposal seeks to introduce the necessary governance and charging amendments to existing Payment Method Levelisation (PML) Reconciliation arrangements (introduced in R0147) to allow for multi-register reconciliation. The amendments will allow for an ongoing reconciliation that accounts for split in both single-rate and multi-register Metering Assets. Additionally, it will also allow for a one-off retrospective recalculation for the period dating from the proposed effective implementation date of 01 January 2025 back to the implementation of the original reconciliation mechanism on 01 April 2024.
Latest update and next planned activity
Date of latest update
Latest Update
18/11/24 - The Authority has approved R0182 for Implementation. R0182 will now be targeted for an extraordinary release on 08/12/24.
Impacts Overview
Priority and rationale
High
Priority last updated on 29 May 2026
Solution development
Problem Statement
PML Reconciliation currently does not distinguish between single-rate and multi-register electricity Metering Assets. This represents a discrepancy, as Price Cap methodology currently does make this distinction. As a result, PML Reconciliation calculation methodology must be updated to distinguish between single-rate and multi-register Metering Assets. This will be effective for all reconciliations going forward from the date of implementation, as well as retrospectively from the start of the PML Reconciliation in April 2024, to the date of implementation.
Proposed solution summary
- N/A – No identifiable Consumer impact.
- M1 - As a Domestic Supplier, I want my PML Reconciliation payments to be as reflective of my portfolio as possible, by differentiating between single rate and multi register Metering Assets, so that my engagement with the reconciliation is as accurate as possible. M2 - As a Domestic Supplier, I want my PML Reconciliation obligations regarding the retrospective recalculation to be well defined within the REC, so that I am able to engage as efficiently as possible. M3 - As RECCo, I want the PML Reconciliation mechanism to be reflective of REC Parties true costs (based on their single-rate vs multi-register split in their portfolio), so that I am able to deliver the most optimised outcome for PML Reconciliation participants.
No documents available.
Change Plan
Party Impact Assessment
Completed
Start:
20 Jun 2024Due:
09 Aug 2024Completion:
09 Aug 2024Consultation
Completed
Start:
09 Aug 2024Due:
20 Sep 2024Completion:
20 Sep 2024Responsible Committee Decision
Completed
Start:
20 Sep 2024Due:
15 Oct 2024Completion:
15 Oct 2024Authority Determination Sent
Completed
Start:
15 Oct 2024Due:
16 Oct 2024Completion:
16 Oct 2024Original submission
Change details
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20 Jun 2024
Change details
Levelisation Reconciliation Electricity Single-rate/Multi-register Split
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Impacts
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Priority & timing
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Activity
Proposed solution summary changed to N/A – No identifiable Consumer impact.M1 - As a Domestic Supplier, I want my PML Reconciliation payments to be as reflective of my portfolio as possible, by differentiating between single rate and multi register…
Proposed solution summary changed to N/A – No identifiable Consumer impact.M1 - As a Domestic Supplier, I want my PML Reconciliation payments to be as reflective of my portfolio as possible, by differentiating between single rate and multi register Metering Assets, so that my engagement with the reconciliation is as accurate as possible. M2 - As a Domestic Supplier, I want my PML Reconciliation obligations regarding the retrospective recalculation to be well defined within the REC, so that I am able to engage as efficiently as possible. M3 - As RECCo, I want the PML Reconciliation mechanism to be reflective of REC Parties true costs (based on their single-rate vs multi-register split in their portfolio), so that I am able to deliver the most optimised outcome for PML Reconciliation participants..
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