A further consultation on the possible cancellation of Generating Unit Agreements (GUAs) in NI

On 10 March 2011, the Utility Regulator published a Generating Unit Agreement (GUA) consultation paper in order to:

* Provide a summary of the process followed previously;
* Give an overview of the factors that were previously considered;
* Obtain the views of market participants as to whether there are any additional factors which the Utility Regulator should consider during this consultation.

Seven responses to this consultation were received, two of which were marked confidential and the remainder of which can be viewed here.  The Utility Regulator considered the responses and a detailed economic analysis and sensitivity analysis into the financial position of the GUAs was also undertaken, and relevant policy issues were also considered.

The Utility Regulator today publishes a further consultation paper on the possible cancellation of GUAs.

Interested parties are invited to respond to any issues discussed or any aspect of the proposals put forward in this Consultation Paper.