Description:The new all-island electricity market is due to go live towards the end of 2017. The re-design is partly due to comply with requirements of the EU's Third Energy Package. The wholesale energy market will be accompanied by a Capacity Remuneration Mechanism, In the case of I-SEM, its purpose is to ensure security of supply by encouraging efficient investment in capacity and secure generator adequacy. This second consultation specifically deals with cross border participation over the interconnector, design of Reliability Options, secondary trading of Reliability Options and scarcity pricing.
Implication(s):A well designed capacity market should provide security of supply and reliable power system at least cost over the long term. In our submission we provide some insights and seek further clarification on how the listed options for cross border capacity will impact the consumer. On secondary trading (selling on Reliability Options) we ask should physical capacity not be assured and ask should transitional arrangements not be put in place to review administered scarcity pricing if it is triggered frequently.
Current Position:A third consultation on the CRM is expected in the coming months.
- CRM SEM 15 144 Ibec_Final.pdf - 128 Kbytes
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Last Updated: 02/08/2016