We publish demand forecasts each day from two to five days ahead of the day.
The two to five day ahead incentive scheme was introduced on 01 April 2013 and put in place for two years.
The scheme was renegotiated during 2014/15 with scheme parameters amended to reflect the initial incentive period.
The scheme has a target of 13.7mcm for the average forecast error over the four forecasts (D-2, D-3, D-4 and D-5). The maximum we can earn from the incentive is £10m (which requires 100% accuracy). The maximum we can lose is £1m if forecast error is 15.07mcm and above.