Market Stabilisation Charge dashboard

Data

Publication date

Industry sector

  • Supply and Retail Market
  • Generation and Wholesale Market

Last updated on 25/03/2024 17:00

The MSC will come to an end on 31 March 2024. Suppliers will be required to pay any charges arising up to the end of that day, after which it will cease to have effect.

At-a-glance summary

The Market Stabilisation Charge (MSC) temporarily requires all domestic suppliers acquiring a domestic customer to pay a charge to the losing supplier, when wholesale prices fall considerably below the relevant wholesale price cap index1. The MSC is a temporary measure which came into effect on 14 April 2022 and will expire on 31 March 2024. 

For more information, please refer to the MSC guidance.

What is the rate?

The MSC is a volumetric charge published weekly, split into two sub-charges; one for gas and one for electricity. The MSC is published after each Monday2 and reflects wholesale prices across the five preceding working days. The first MSC level was published on 12 April 2022, coming into effect on 14 April 2022.

Has the charge been triggered?

Yes

What is the rate?

Publication Date
(Mon 17:00)
Effective From Date
(Weds 00:00)
Effective To Date
(Tues 23:59)
Has MSC Process been Triggered? Gas MSC (£/MWh) Elec MSC (£/MWh)
25/03/2024 27/03/2024 31/03/2024 Yes 1.18 2.29

Key Calculated Values3:

Fuel Type Wpc Wc Wt
Electricity (£/MWh) 87.35 71.04 78.61
Gas (£/MWh) 32.25 24.47 29.02

Methodology and footnotes

  1. As of 23 May 2022 the MSC will be initially triggered when the wholesale cost falls more than 10% lower than the wholesale cost element of the price cap. The MSC also includes a derating factor, currently set at 85%. This de-rating factor determines the proportion of nominal hedging losses beyond the trigger point that will be covered by the MSC.
  2. When Monday is a public holiday, the updated charge value takes effect at 00:00 on the Thursday after the close of the preceding observation window. The previous charge remains in effect until the update takes place. See para 2.46 of the MSC guidance.
  3. Where Wpc is the wholesale element of the Price Cap, Wc is the wholesale cost of energy and Wt is the Losing Supplier Loss Trigger as defined in section 2 of the MSC guidance.

Historic data

Publication Date Effective from date Effective to date Has MSC process been triggered? Gas MSC [£/MWh] Elec MSC [£/MWh]
12/04/2022 14/04/2022 20/04/2022 No 0 0
19/04/2022 21/04/2022 26/04/2022 No 0 0
25/04/2022 27/04/2022 04/05/2022 No 0 0
03/05/2022 05/05/2022 10/05/2022 No 0 0
09/05/2022 11/05/2022 17/05/2022 No 0 0
16/05/2022 18/05/2022 24/05/2022 No 0 0
23/05/2022 25/05/2022 31/05/2022 No 0 0
30/05/2022 01/06/2022 07/06/2022 No 0 0
06/06/2022 08/06/2022 14/06/2022 No 0 0
13/06/2022 15/06/2022 21/06/2022 No 0 0
20/06/2022 22/06/2022 28/06/2022 No 0 0
27/06/2022 29/06/2022 05/07/2022 No 0 0
04/07/2022 06/07/2022 12/07/2022 No 0 0
11/07/2022 13/07/2022 19/07/2022 No 0 0
18/07/2022 20/07/2022 26/7/2022 No 0 0
25/07/2022 27/07/2022 02/08/2022 No 0 0
01/08/2022 03/08/2022 09/08/2022 No 0 0
08/08/2022 10/08/2022 16/08/2022 No 0 0
15/08/2022 17/08/2022 23/08/2022 No 0 0
22/08/2022 24/08/2022 31/08/2022 No 0 0
30/08/2022 01/09/2022 06/09/2022 No 0 0
05/09/2022 07/09/2022 13/09/2022 No 0 0
12/09/2022 14/09/2022 21/09/2022 No 0 0
20/09/2022 22/09/2022 27/09/2022 No 0 0
26/09/2022 28/09/2022 04/10/2022 No 0 0
03/10/2022 05/10/2022 11/10/2022 No 0 0
10/10/2022 12/10.2022 18/10/2022 No 0 0
17/10/2022 19/10/2022 25/10/2022 No 0 0
24/10/2022 26/10/2022 01/11/2022 No 0 0
31/10/2022 02/11/2022 08/11/2022 No 0 0
07/11/2022 09/11/2022 15/11/2022 No 0 0
14/11/2022 16/11/2022 22/11/2022 Yes 3.56 0
21/11/2022 23/11/2022 29/11/2022 Yes 2.04 0
28/11/2022 30/11/2022 06/12/2022 Yes 0.49 0
05/12/2022 07/12/2022 13/12/2022 No 0 0
12/12/2022 14/12/2022 20/12/2022 No 0 0
19/12/2022 21/12/2022 29/12/2022 Yes 0 12.03
28/12/2022 30/12/2022 04/01/2023 Yes 11.57 37.63
03/01/2023 05/01/2023 10/01/2023 Yes 19.61 63.62
09/01/2023 11/01/2023 17/01/2023 Yes 23.37 73.84
16/01/2023 18/01/2023 24/01/2023 Yes 21.99 70.60
23/01/2023 25/01/2023 31/01/2023 Yes 23.39 71.38
30/01/2023 01/02/2023 07/02/2023 Yes 18.09 64.48
06/02/2023 08/02/2023 14/02/2023 Yes 16.99 57.56
13/02/2023 15/02/2023 21/02/2023 Yes 16.78 53.80
20/02/2023 22/02/2023 28/02/2023 Yes 16.42 49.69
27/02/2023 01/03/2023 07/03/2023 Yes 11.60 42.69
06/03/2023 08/03/2023 14/03/2023 Yes 11.14 39.29
13/03/2023 15/03/2023 21/03/2023 Yes 10.22 34.02
20/03/2023 22/03/2023 28/03/2023 Yes 9.08 28.59
27/03/2023 29/03/2023 04/04/2023 Yes 8.18 24.31
03/04/2023 05/04/2023 12/04/2023 Yes 5.26 21.17
11/04/2023 13/04/2023 18/04/2023 Yes 4.10 16.08
17/04/2023 19/04/2023 25/04/2023 Yes 4.48 17.36
24/04/2023 26/04/2023 02/05/2023 Yes 4.41 17.19
02/05/2023 04/05/2023 10/05/2023 Yes 3.20 16.87
09/05/2023 11/05/2023 16/05/2023 Yes 3.33 17.13
15/05/2023 17/05/2023 23/05/2023 Yes 3.22 15.79
22/05/2023 24/05/2023 31/05/2023 Yes 3.26 15.38
30/05/2023 01/06/2023 06/06/2023 Yes 2.89 15.54
05/06/2023 07/06/2023 13/06/2023 Yes 2.43 14.92
12/06/2023 14/06/2023 20/06/2023 Yes 1.54 10.51
19/06/2023 21/06/2023 27/06/2023 Yes 0.28 2.98
26/06/2023 28/06/2023 04/07/2023 Yes 0 2.07
03/07/2023 05/07/2023 11/07/2023 Yes 0 2.30
10/07/2023 12/07/2023 18/07/2023 Yes 0 2.10
17/07/2023 19/07/2023 25/07/2023 Yes 0.22 4.97
24/07/2023 26/07/2023 01/08/2023 Yes 0 4.30
31/07/2023 02/08/2023 08/08/2023 Yes 0 3.61
07/08/2023 09/08/2023 15/08/2023 Yes 0 4.00
14/08/2023 16/08/2023 22/08/2023 Yes 0 1.29
21/08/2023 23/08/2023 30/08/2023 No 0 0
29/08/2023 31/08/2023 05/09/2023 No 0 0
04/09/2023 06/09/2023 12/09/2023 Yes 0 0.52
11/09/2023 13/09/2023 19/09/2023 Yes 0 2.84
18/09/2023 20/09/2023 26/09/2023 Yes 0 1.74
25/09/2023 27/09/2023 03/10/2023 Yes 0 2.03
02/10/2023 04/10/2023 10/10/2023 Yes 0 2.19
09/10/2023 11/10/2023 17/10/2023 Yes 0.30 4.03
16/10/2023 18/10/2023 24/10/2023 No 0.00 0.00
23/10/2023 25/10/2023 31/10/2023 No 0.00 0.00
30/10/2023 01/11/2023 07/11/2023 No 0.00 0.00
06/11/2023 08/11/2023 14/11/2023 No 0.00 0.00
13/11/2023 15/11/2023 21/11/2023 Yes 0.00 1.02
20/11/2023 22/11/2023 28/11/2023 Yes 0.00 1.10
27/11/2023 29/11/2023 05/12/2023 Yes 0.00 1.37
04/12/2023 06/12/2023 12/12/2023 Yes 1.46 3.82
11/12/2023 13/12/2023 19/12/2023 Yes 3.37 6.80
18/12/2023 20/12/2023 28/12/2023 Yes 5.34 9.92
27/12/2023 29/12/2023 03/01/2024 Yes 5.77 9.03
02/01/2024 04/01/2024 09/01/2024 Yes 5.07 6.97
08/01/2024 10/01/2024 16/01/2024 Yes 5.49 8.14
15/01/2024 17/01/2024 23/01/2024 Yes 5.89 10.00
22/01/2024 24/01/2024 30/01/2024 Yes 6.67 12.27
29/01/2024 31/01/2024 06/02/2024 Yes 6.64 12.11
05/02/2024 07/02/2024 13/02/2024 Yes 4.44 9.50
12/02/2024 14/02/2024 20/02/2024 Yes 4.55 9.46
19/02/2024 21/02/2024 27/02/2024 Yes 5.04 10.36
26/02/2024 28/02/2024 05/03/2024 Yes 5.16 10.41
04/03/2024 06/03/2024 12/03/2024 Yes 3.11 7.42
11/03/2024 13/03/2024 19/03/2024 Yes 2.37 5.38
18/03/2024 20/03/2024 26/03/2024 Yes 2.24 4.77