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Credit Scenarios – Modification 0335 Joanna Ferguson

Mod. 0335 introduces a new transportation invoice for LDZ Commodity Reconciliation and Energy Balancing Charge. Failure to provide surety may lead to sanctions or termination.

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Credit Scenarios – Modification 0335 Joanna Ferguson

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  1. Credit Scenarios – Modification 0335 Joanna Ferguson

  2. VAR Requirements • UNC V3.2.1(d): Sum of aggregate amount (other than Energy Balancing Charges) invoiced and unpaid PLUS average daily rate of invoices issued in previous month multiplied by 20 • UNC V3.3.1(a): Issue of notice of 80% utilisation of VAR • UNC V3.3.1(b): 100% VAR requires additional surety or surety in 2 business days • Failure to provide additional surety or security enables Transporter to take action by way of sanctions to prevent growth or ultimately to terminate the User

  3. Modification 0335 Impact • UNC V3.2.1(d): Sum of aggregate amount (other than Energy Balancing Charges) invoiced and unpaid PLUS average daily rate of invoices issued in previous month multiplied by 20 • Modification 0335 creates a new transportation invoice from a Distribution Network to a User for an amount equivalent to the value of the LDZ Commodity Reconciliation and Energy Balancing Charge • Therefore the 0335 invoice is subject to the normal UNC V3.3.1 definition of invoiced charges

  4. Credit Example - Current Based on NGN Maximum Unsecured Credit Limit

  5. Credit Example – Mod 0335 Based current Mod 0335 invoicing rules

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