Settlement Runs

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:

P1 - the provisional Settlement Report, which will be issued 16 business days before the start of the Invoice Period

R1 – the first Settlement Report, which will be issued four business days after the end of the Invoice Period;

R2 – the second Settlement Report, which will be issued four 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 business days after the end of the month which is the eighth month after the Invoice Period;

RF - the Final Settlement Report, which will be issued four business days after the end of the month which is 16 months after the Invoice Period.

RF Settlement Runs

Following Ofwat’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 Ofwat.

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