Market Stabilisation Charge dashboard

Data

Publication date

Industry sector

  • Supply and Retail Market
  • Generation and Wholesale Market

Last updated on 21/11/2022 17:00

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, following the Decision on extending Short-Term Interventions and adjusting MSC calculation, is due to expire on 31 March 2023. This decision also sets out updates made to the MSC charge calculations to reflect how price cap indexation changed in response to the move to quarterly cap updates. This change means that terms published from 5 September are not directly comparable with terms published prior. 

For more information, please refer to the MSC guidance.

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.

Statutory consultation on 25 November 2022

We have published a statutory consultation on 25 November on options to: 

  • Extend the Market Stabilisation Charge (MSC) until 31 March 2024 
  • Extend the Ban on Acquisition-Only Tariffs (BAT) until 31 March 2024 
  • Allow the Authority to extend both measures further via written notice 

The consultation will be open for 4 weeks, closing on 23 December 2022.  

Has the charge been triggered?

Yes No

What is the rate?

Publication Date
(Mon 17:00)

Effective From Date
(Wed 00:00)

Effective To Date
(Tues 23:59)

Has MSC Process been Triggered?

Gas MSC (£/MWh)

Elec MSC (£/MWh)

21/11/2022

23/11/2022

29/11/2022

Yes

2.04

0

Key Calculated Values3:

Fuel Type

Wpc

Wc

Wt

Electricity (£/MWh)

474.66

427.25

427.20

Gas (£/MWh)

123.29

106.58

110.96

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

 

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