Market Operation and Monitoring

The Market Operations branch is focused on the ongoing regulation of the existing Single Electricity Market (SEM) on the island of Ireland. Operations include:

• Monitoring of the market schedule, dispatch, pricing outcomes, and commercial behaviour of participants
• Enforcement of licence conditions governing participation in the SEM
• SEM Policy Development and Refinement
• Calculation of the Annual Capacity Payments Sum and associated parameters
• Regulation of the SEM Operator (SEMO) and approval of MO Tariffs
• Approval of Dispatch Balancing Forecasts and Incentive payments
• Regulation of the NIE Power Procurement Business (PPB)
• Support for retail tariff calculations and approval of various market parameters
• Generation of reports including a public Quarterly SEM report and assessment of Generator Financial Profitability (https://www.semcommittee.com/publications)

The branch is also leading the UR’s contribution to the DS3 project (http://www.eirgridgroup.com/how-the-grid-works/ds3-programme/) and in 2017 will undertake a substantial IT development project to re-tool in preparation for Go-Live of the I-SEM.