Capacity Market Code Modifications Working Group 25 - Timetable

01 June 2022

Capacity Market Code Working Group 25 Modifications Timetable

The Capacity Remuneration Mechanism (CRM) is a competitive element of the Single Electricity Market designed to ensure electricity security of supply across the island of Ireland. Competitive auctions secure the necessary capacity to meet demand for delivery in a specified year.

Section B.12 of the CMC sets out the Modifications process and contains details in regards to submitting a proposal, the process of discussing proposals through Working Groups and the consultation and decisions process.

During Working Group 25, which took place on 19 May 2022, six proposals were presented.

This timetable relates to how the RAs plan to consult and make a decision relating to the following proposals:

  • CMC_04_22: New Reference Rates for Default Interest
  • CMC_06_22: New Interdependent Combined Units
  • CMC_07_22:  Modification to provisions for Market Registration of Demand Side Units – Variation In Mix
  • CMC_08_22:  Locational Capacity Constraints Maximum Quantities
  • CMC_09_22: Secondary trade approval notification

As discussed during WG25, proposal CMC_05_22: Housekeeping Mod to Update Overlap between CMC_03_21 and CMC_04_21, is not being consulted upon.

Today, 1 June 2022, the RAs have published the CMC modification timetable for these proposed modifications. 

As set out in the timetable the RAs intend to consult on the modifications from 1 July – 2 August 2022.