MOSL will seek wherever possible to consolidate its invoices whilst still meeting its obligations under the Market Arrangements Code.
Refer to Market Charges, Payments and Invoicing Service Description for more information regarding MOSL's service objectives and expectations of Trading Parties.
| Deliverable | Description | SLA | Code Reference |
|---|---|---|---|
| Market Operator Charges invoices |
Invoice including the relevant Trading Party’s share of monthly Market Operator Charges |
MOSL will issue invoices on the ninth (9th) Business Day of the month or earlier if later than fourteen (14) Business Days prior to the invoice period Each Trading Party’s invoice will be emailed to Accounts payable department or designated contact and visible on Finance portal |
Consistent with Market Arrangements Code – Section 10.4 |
| Other Market Charges invoices | Market Performance Standard Charges, Operational Performance Standard Charges, Additional Services Charges, Interest charges for late payment of invoices and/or Default Market Operator Charges payable by a Trading Party | MOSL will issue invoices on the ninth (9th) business day of the month | Consistent with Market Arrangements Code – Section 10.4 |
| Market Operator Charges Annual Reconciliation | Audited annual accounts will be used to make a final determination and following which adjustments to charges for each wholesaler and retailer may be made for any outturns and surplus charges | No later than twenty-five (25) Business Days after publication of MOSL’s Audited Annual Accounts |
Market Arrangements Code – Section 10.10.1, Schedule 6 – 4 and 5 |
| Market Operator Charges Annual reconciliation payments | MOSL will make payments to wholesalers and retailers as required following annual reconciliation | Within five (5) Business Days of MOSL’s final determination | Market Arrangements Code – Section 10.10.2 |
Market Operator Charges
Invoiced amounts are required to be paid no later than ten (10) business days after invoice date by electronic transfer.
All funds are required to be paid within the invoice terms in full without set off or counter claim, withholding or deducting of any kind whatsoever. In the event payment is not made by a Trading Party, MOSL will withhold any payments which may be due to that Trading Party until which point the payment has been made.
| Invoice Period | Issuing Date | Payment Date |
|---|---|---|
| April 19 | 13/03/2019 | 27/03/2019 |
| May 19 | 11/04/2019 | 29/04/2019 |
| June 19 | 14/05/2019 | 29/05/2019 |
| July 19 | 13/06/2019 | 27/06/2019 |
| August 19 | 11/07/2019 | 25/07/2019 |
| September 19 | 13/08/2019 | 28/08/2019 |
| October 19 | 12/09/2019 | 26/09/2019 |
| November 19 | 11/10/2019 | 25/10/2019 |
| December 19 | 13/11/2019 | 27/11/2019 |
| January 20 | 12/12/2019 | 30/12/2019 |
| February 20 | 14/01/2020 | 28/01/2020 |
| March 20 | 13/02/2020 | 27/02/2020 |
Market Performance Standard Charges, Operational Performance Standard Charges & Additional Service Charges
| Invoice Period | Issuing Date | Payment Date |
|---|---|---|
| April 19 | 14/05/2019 | 12/06/2019 |
| May 19 | 13/06/2019 | 11/07/2019 |
| June 19 | 11/07/2019 | 08/08/2019 |
| July 19 | 13/08/2019 | 11/09/2019 |
| August 19 | 12/09/2019 | 10/10/2019 |
| September 19 | 11/10/2019 | 08/11/2019 |
| October 19 | 13/11/2019 | 11/12/2019 |
| November 19 | 12/12/2019 | 14/01/2020 |
| December 19 | 14/01/2020 | 11/02/2020 |
| January 20 | 13/02/2020 | 12/03/2020 |
| February 20 | 12/03/2020 | 09/04/2020 |
| March 20 | 15/04/2020 | 14/05/2020 |
Wholesaler and Retailer Market Operator Charges are based on the R1 Settlement Report published by MOSL on the 4th Business day of the month. MOSL runs this report at 18:00 on the last day of each relevant month to quantify the aggregate number of Supply Points for which the Market Operator Charge is based.
Wholesaler share of 2017/18 budget: £6,500,178.
Retailer share of 2017/18 budget: £6,500,178.
Wholesaler share of 2018/19 budget: £5,350,627.
Retailer share of 2018/19 budget: £5,350,627.
Wholesaler share of 2019/20 budget: £5,348,000.
Retailer share of 2019/20 budget: £5,348,000.
| Invoice Month | Wholesaler SPIDs | Retailer SPIDs | Primary Charges | Number of Retailers |
|---|---|---|---|---|
| Dec-19 | 2,657,099 | 2,657,099 | £214,708,924 | 38 |
| Nov-19 | 2,658,439 | 2,658,439 | £208,523,099 | 39 |
| Oct-19 | 2,660,659 | 2,660,659 | £217,416,657 | 39 |
| Sept-19 | 2,663,341 | 2,663,341 | £217,772,641 | 38 |
| Aug-19 | 2,666,781 | 2,666,781 | £214,054,422 | 38 |
| Jul-19 | 2,668,094 | 2,668,094 | £218,219,340 | 38 |
| Jun-19 | 2,670,095 | 2,670,095 | £199,011,708 | 38 |
| May-19 | 2,672,131 | 2,672,2131 | £213,520,819 | 38 |
| Apr-19 | 2,673,292 | 2,673,292 | £187,727,699 | 38 |
| Mar 19 | 2,673,082 | 2,673,082 | £210,834,077 | 36 |
| Feb 19 | 2,672,470 | 2,672,470 | £211,172,136 | 36 |
| Jan 19 | 2,673,892 | 2,673,892 | £203,552,220 | 36 |
| Dec 18 | 2,673,355 | 2,673,355 | £211,371,424 | 36 |
| Nov 18 | 2,672,505 | 2,672,505 | £209,294,556 | 35 |
| Oct 18 | 2,673,173 | 2,673,173 | £214,342,446 | 36 |
| Sep 18 | 2,671,952 | 2,671,952 | £215,973,606 | 34 |
| Aug 18 | 2,671,465 | 2,671,465 | £209,418,545 | 35 |
| Jul 18 | 2,670,892 | 2,670,892 | £214,408,101 | 34 |
| Jun 18 | 2,671,437 | 2,671,437 | £206,801,523 | 35 |
| May 18 | 2,671,204 | 2,671,204 | £208,127,694 | 33 |
| Apr 18 | 2,672,080 | 2,672,080 | £187,326,065 | 32 |
Trading Parties have ten (10) business days from the invoice due date to make payment before MOSL will commence formally recovering outstanding debts.
To the extent an invoice remains unpaid after ten (10) business days of its due date, details of the non-paying parties and invoice amount will be published on the MOSL website within two (2) business days. MOSL will also formally notify the Panel and Ofwat of the payment failure.
Should invoiced amounts remain outstanding after MOSL has notified all Undertaker Wholesaler and Retailer Businesses, the Panel and Ofwat, MOSL will commence legal proceedings to recover the debts.
Details of unpaid funds classified as bad debts will be published on the MOSL website. MOSL will recover the unpaid funds through Default Market Operator Charges.
The following members have exceeded the agreed Market Operator Charges payment terms:
| Month | Member | Balance due (£ excl. VAT) | Date due | Date received |
|---|---|---|---|---|
| November 2019 | Tor Water (Retailer) | £290.79 | 25 October 2019 | |
| October 2019 | Tor Water (Retailer) | £299.45 | 26 September 2019 | |
| September 2019 | Severn Trent Water (Wholesaler) | £67,901.16 | 28 August 2019 | 12 September 2019 |
| September 2019 | Tor Water (Retailer) | £293.39 | 28 August 2019 | 12 September 2019 |
| August 2019 | Tor Water (Retailer) | £293.58 | 25 July 2019 | |
| July 2019 | Tor Water (Retailer) | £295.46 | 27 June 2019 | |
| May 2019 | Aquaflow Water (retailer) | £341.20 | 29 April 2019 | |
| May 2019 | Blackpool Borough Council (Retailer) | £383.85 | 29 April 2019 | 20 May 2019 |
| April 2019 | Aquaflow Water (retailer) | £335.78 | 27 March 2019 | |
| April 2019 | Independent Water Networks Limited (retailer) | £518.34 | 27 March 2019 | 17 April 2019 |
| April 2019 | Veolia Water Projects Limited (retailer) | £271.14 | 27 March 2019 | 24 April 2019 |
| April 2019 | Water 2 Business Limited (retailer) | £24,137.65 | 27 March 2019 | 24 April 2019 |
| April 2019 | Independent Water Networks Limited (wholesaler) | £90.69 | 27 March 2019 | 18 April 2019 |
| October 2018 | SSE Water Ltd (retailer) | £324.55 | 27 September 2018 | 17 October 2018 |
| October 2018 | SSE Water Ltd (wholesaler) | £59.90 | 27 September 2018 | 17 October 2018 |
| May 2018 | SSE Water Ltd (retailer) | £317.52 | 17 April 2018 | 17 May 2018 |
| May 2018 | SSE Water Ltd (wholesaler) | £45.90 | 17 April 2018 | 17 May 2018 |
| April 2018 | Yorkshire Water Services Limited (wholesaler) | £43,724.18 | 16 March 2018 | 9 April 2018 |
| November 2017 | Leep Water Networks Limited | £9.94 | 18 October 2017 | 6 November 2017 |
| November 2017 | POD 53 Limited | £436.90 | 18 October 2017 | 7 November 2017 |
The following members have exceeded the agreed Market Performance Standard Charges payment terms:
| Month | Member | Balance due (£ excl. VAT) | Date due | Date received |
|---|---|---|---|---|
| April 2019 | Tor Water (Retailer) | £40.00 | 12 June 2019 | |
| March 2019 | Hafren Dyfrdwy (Retailer) | £20.00 | 14 May 2019 | 31 July 2019 |
| March 2019 | First Business Water (Retailer) | £45.00 | 14 May 2019 | 06 June 2019 |
| March 2019 | SSE Water Ltd (Retailer) | £47.47 | 14 May 2019 | 26 July 2019 |
| March 2019 | Tor Water (Retailer) | £5.00 | 14 May 2019 | 25 July 2019 |
| March 2019 | Independent Water Networks Limited (wholesaler) | £131.04 | 14 May 2019 | 19 July 2019 |
| February 2019 | Veolia Water Projects Ltd (Wholesaler) | £12.41 | 10 April 2019 | 12 June 2019 |
| February 2019 | Aquaflow Water (Retailer) | £5.00 | 10 April 2019 | |
| February 2019 | Clear Business Water Limited (Retailer) | £248.46 | 10 April 2019 | 03 May 2019 |
| February 2019 | Independent Water Networks Limited (Retailer) | £30.00 | 10 April 2019 | 10 May 2019 |
| February 2019 | Three Sixty Water Limited (Retailer) | £10.00 | 10 April 2019 | 29 April 2019 |
| January 2019 | Dwr Cymru Cyfyngedig (Wholesaler) | £40.00 | 13 March 2019 | 25 April 2019 |
| May 2018 | Leep Water Networks Limited | £5.00 | 11 July 2018 | 15 August 2018 |
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