The SEM Committee is today publishing the Decision Paper on the terms of reference for the Year 2 Capacity Market Code Market Audit.
As set out in section B.11 the SEM Committee is required to appoint a Capacity Market Auditor who in turn is required to conduct an audit of the operation and implementation of the arrangements, procedures and processes under this Code at least once a Year, in accordance with the terms of reference determined by the Regulatory Authorities.
This paper sets out the SEM Committee decision with regards to the Audit timeframes, structure and the TOR for the Year 2 Capacity Market Code Audit Report.
The documents can be found here
Capacity Market Code Terms of Reference for the Year 2 Market Audit Decision Paper
14 January 2021