Today, 22 November 2021, the SEM Committee is publishing its Amendment to the Allocation of Directed Contracts Decision Paper.
In Q3 2021, the SEM Committee published an Information and Consultation Paper (SEM-21-065) regarding an amendment to the allocation of Directed Contracts (DCs). It proposed that DCs allocated to market participants who cannot participate in DC rounds due to not having a Financial Energy Master Agreement (FEMA) in place with ESB, be reallocated to suppliers with a FEMA and a Maximum Import Capacity (MIC) value of less than 5% of the total market MIC.
This methodological amendment had been temporarily implemented for DC Round 16 (September 2021); the consultation was on whether it should become an enduring change, pending a conclusion of the broader market power and liquidity workstream.
Following consideration of consultation responses, the SEM Committee has decided that the proposals set out in SEM-21-065 should, from DC Round 17 (December 2021), become an enduring arrangement, pending a conclusion of the broader market power and liquidity workstream.
Amendment to the Allocation of Directed Contracts Decision Paper
22 November 2021