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Information on market charges, SLAs, monthly billing data and debt collection

In accordance with the Market Arrangements Code, MOSL may levy the following charges on Trading Parties:

Payable in advance

  • Wholesaler Market Operator Charges
  • Retailer Market Operator Charges

Market Operator Charges are based on MOSL’s approved annual Market Operator Budget, profiled monthly based on a one twelfth (1/12) split. MOSL will revisit the future profile as part of its quarterly analysis and forecast and may alter the profile if required. 

Payable in arrears

  • Market Performance Standard Charges

Market Performance Standard Charges are payable in respect of underperformance by a Trading Party against Market Performance Standards. During the initial suspension period (1 April 2017 to 31 March 2018), Market Performance Standard Charges due by Wholesaler Businesses and Retailer Businesses during the period shall be reported only and not be due for payment.

  • Default Market Operator Charges

Unpaid invoices declared as bad debts will be recovered by MOSL by way of Default Market Operator Charges. These charges are payable one half by Undertaker Wholesale Businesses and one half by Retailer Businesses (other than the non-paying Trading Party). 

  • Interest Charges

An interest charge will be made to the relevant Wholesaler Business and Retailer Business if payments for invoices are not made by the invoice due date.

  • Additional Services & Market Services

Charges payable by relevant Wholesaler and Retailer Businesses for the provision of services identified in the Schedule of Additional Services & Market Services.

Refer to Market Charges, Payments and Invoicing Service Description and MOSL Invoicing explained for more information.

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, 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
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

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 18 09/03/2018 16/03/2018
May 18 11/04/2018 17/04/2018
June18 10/05/2018 17/05/2018
July18 13/06/2018 27/06/2018
August 18 12/07/2018 26/07/2018
September 18 13/08/2018 27/08/2018
October 18 13/09/2018 27/09/2018
November 18 11/10/2018 25/10/2018
December 18 13/11/2018 27/11/2018
January 19 13/12/2018 31/12/2018
February 19 14/01/2019 28/01/2019
March 19 13/02/2019 27/02/2019

 

Market Performance Standard Charges

Invoice Period Issuing Date Payment Date
April 18 14/05/2018 17/05/2018
May 18 13/06/2018 11/07/2018
June18 12/07/2018 09/08/2018
July18 13/08/2018 11/09/2018
August 18 13/09/2018 11/10/2018
September 18 11/10/2018 08/11/2018
October 18 13/11/2018 11/12/2018
November 18 13/12/2018 15/01/2018
December 18 14/01/2019 11/02/2019
January 19 13/02/2019 13/03/2019
February 19 13/03/2019 10/04/2019
March 19 11/04/2019 14/05/2019

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.

 

Month Wholesaler SPIDs Retailer SPIDs Primary Charges Number of Retailers
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
Mar 18 2,672,414 2,672,414 £208,087,232 32
Feb 18 2,671,626 2,671,626 £207,256,701 31
Jan 18 2,671,769 2,671,769 £202,795,351 30
Dec 17 2,671,687 2,671,687 £215,015,469 30
Nov 17 2,670,260 2,670,260 £206,286,347 30
Oct 17 2,667,912 2,667,912 £213,830,754 30
Sep 17 2,665,472 2,665,472 £213,701,751 30
Aug 17 2,634,519 2,634,519 £205,527,523 29
Jul 17 2,630,920 2,630,920 £247,111,007 28
Jun 17 2,631,094 2,631,094 £219,270,087 28
May 17 2,636,999 2,636,999 £208,931,583 22
 Apr 17 2,636,016 2,636,016 £189,695,780 22

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
Oct 2018 SSE Water Ltd (retailer) £324.55 27 Sep 2018 17 Oct 2018
Oct 2018 SSE Water Ltd (wholesaler) £59.90 27 Sep 2018 17 Oct 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
May 2018 Leep Water Networks Limited £5.00 11 July 2018 15 August 2018

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