On the 11 March 2020, the RAs published the Capacity Market Code Modifications Consultation Paper (SEM-20-018) in regards to the proposed modification
This modification proposed to amend the definition of the Long Stop Date as set out in J.1.1 (b) (i) of the Capacity Market Code. This would be set at 60 months from the Capacity Auction Run Start for Awarded New Capacity with a multi-year award and maintain the delivery window foreseen in the drafting of the CMC whilst also remaining consistent with the last date to achieve Substantial Financial Completion.
It should be noted that this extension to the Long Stop Date is only applicable for the T-4 CY2023/24 Capacity Auction.
The consultation period for this proposal ended on 20 March and today, 30 March 2020, the SEM Committee, published the Capacity Market Code Modifications Working Group 11(b) Decision Paper, approving the modification as proposed.
This paper contains a summary of the comments received during the consultation, the individual responses provided to the consultation and detail of the final decision.
Capacity Market Code Modifications – Working Group 11 (b) Decision Paper
30 March 2020