A Planned Settlement Run is a complete determination of all charges related to all Supply Points which are registered within the central system (CMOS) for each Invoice Period (a full calendar month from the first up to and including the last day of the month). This is repeated several times to obtain more accurate primary charge values as more information becomes available. There are six possible different run types for each Invoice Period, as listed below.

P1 - the provisional Settlement Report, which will be issued sixteen (16) Business Days before the start of the Invoice Period;

R1 – the first Settlement Report, which will be issued four (4) Business Days after the end of the Invoice Period;

R2 – the second Settlement Report, which will be issued four (4) Business Days after the end of the month which is the second month after the Invoice Period;

R3 – the third Settlement Report, which will be issued four (4) Business Days after the end of the month which is the eighth month after the Invoice Period;

R4 – the fourth Settlement Report, which will be issued in relation to the first six (6) Invoice Periods following the 'go live' date, on the fourth Business Day of the month which is fourteen (14) months after the Invoice Period; and

RF - the Final Settlement Report, which will be issued four (4) Business Days after the end of the month which is sixteen (16) months after the Invoice Period.

RF settlement runs

Following the Authority’s decision to delay the running of final settlement runs (RF settlement runs) to March 2019, the Panel has reviewed potential options for when ‘catch-up’ RF settlement runs should be scheduled and published. The Panel has agreed a timetable it is minded to recommend to the Authority.

Trading parties are invited to review the timetable and raise any significant concerns or risks the timetable poses to their business, by completing the online form.

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