Capacity Market Code Modifications Working Group 18 Decision Paper

22 June 2021

Capacity Market Code Modifications - Working Group 18 Decision Paper

On 1 April 2021, the RAs published the Capacity Market Code Modifications Consultation Paper (SEM-21-023) relating to the proposed modifications:

  • CMC_01_21: Amendment relating to the provision of the CAM Report following a Capacity Auction

Proposes to amend B.10.4.1 of the CMC to require that the Capacity Auction Monitor provides their report on the Capacity Auction two Working Days after the provisional Capacity Auction Results have been released to Participants.

  • CMC_02_21:  Amendment to Capacity Market Code Modifications Workshop Agenda Timeline

Proposes to change the timeframes by which the System Operator must issue their agenda to participants in advance of a Modifications Working Group.

  • CMC_03_21: Modification to the provisions for Substantial Financial Completion

Proposes to modify the process for meeting Substantial Financial Completion, with regard to DSUs and AGUs so as to provide greater flexibility in the delivery of Awarded New Capacity.

  • CMC_04_21: Verification Requirements for Implementation Plan Milestones

Proposes to remove the obligations that require DSUs and AGUs to provide verification in respect of paragraphs that do not apply to DSUs and AGUs and replace this obligation with one that relates to the applicable paragraph J.2.1.3 (a).

The consultation period for this proposal ended on 4 May and today, 22 June 2021, the SEM Committee, published the decision paper, setting out the following decisions for each proposal:

  • CMC_01_21 – Approved for Implementation
  • CMC_02_21 – Approved for Implementation
  • CMC_03_21 – Undertake further consideration
  • CMC_04_21 – Approved for Implementation

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.