FORECAST ANNUAL RECONCILIATION PAYMENT Q3 GAS YEAR 2019/20 Forecast - PowerPoint PPT Presentation

FORECAST ANNUAL RECONCILIATION PAYMENT Q3 GAS YEAR 2019/20

Forecast Annual Reconciliation Payments  Assumptions:  Forecast Required Revenue (FRR) of TSOs equal Actual Required Revenue (ARR) of TSOs*  Q4 licence revenue forecast updated to reflect July actuals and revised estimates of volumes and short term capacity for August and September.  No auction premium charges are incurred for the remainder of the gas year  No entry overrun charges are incurred for the remainder of the gas year *An updated FRR has been provided for the Mutual Energy TSO companies following Q3 and has been used in these calculations however it is an early estimate based on their forecasts for Q4 so may differ from their final ARR.

Forecast Annual Reconciliation Payments GY 2019/20 Q1 Q2 Q3 Q4 Total £’000 £’000 £’000 £’000 £’000 Forecast Licence Revenue 15,313 17,069 14,850 14,552 61,784 Actual Licence Revenue 16,141 18,466 15,295 49,902 GY 2019/20 Q1 Q2 Q3 Q4 Total £’000 £’000 £’000 £’000 £’000 Actual Actual Actual Updated Forecast Licence Revenue 16,141 18,466 15,295 14,197 64,099 Total FRR 60,784 Total Reconciliation estimate 3,315 to / (from) Shippers

Forecast Annual Reconciliation Payments GY 2019/20 Q1 Q2 Q3 Q4 Total £’000 £’000 £’000 £’000 £’000 Actual Licence Revenue 157 41 0 198 relating to entry overrun charges Actual Licence Revenue 19,365 22,155 18,351 59,870 (including VAT)