The Utility Regulator welcomes the Single Electricity Market Committee’s publication today of the draft decision on the high level design of the new wholesale electricity market, the I-SEM.
This draft decision paper describes the SEMC proposed decisions on:
• The features of the new Energy Trading Arrangements (ETA),
• The need for a capacity Remuneration Mechanism (CRM) in the new market and
• The proposed type of CRM to be introduced.
It also presents a summary of the responses to the Consultation Paper on the I-SEM High Level Design (SEM-14-008) followed by the reasoning behind the proposed decisions.
The Draft Decision Paper is supported by an Impact Assessment Paper which is also published.
The SEM Committee invites consumers of electricity, market participants and other interested parties to respond with their views on the SEM Committee’s proposed decisions.
Following a review of the responses the SEM Committee will publish its final decision on the proposals set out in this paper in early September 2014.
Alongside this Draft Decision Paper and Impact Assessment, the SEM Committee is also publishing:
• A Non-technical summary,
• A TSO Assessment of Generation adequacy energy-only market
Please note that these two documents do not form part of the consultation.
If you would like further information on the I-SEM project please refer to the All-Island project website
The consultation will close at 17.00 on 25 July 2014.