Directed Contract Round 19: Q4 2022 to Q3 2023

15 June 2022

Directed Contract Round 19: Q4 2022 to Q3 2023

Today, Wednesday, 15th June 2022, the Regulatory Authorities (RAs) are publishing an Information Paper on the quantities and prices for the "Round 19” offerings of Directed Contracts (DCs).

DCs are a part of the RAs’ market power mitigation strategy to ensure that the benefits associated with the SEM are not undermined by the abuse of market power. The purpose of these contracts is to remove the incentive on ESB Power Generation to attempt to profit from the use of market power.

Supplier eligibility for DCs will be communicated by the Regulatory Authorities to each relevant supplier and to the seller (ESB) separately.

In DC Round 18, market participants were notified of amendments made to the process of calculating DC pricing formulae (SEM-22-017). Participants were also informed of the RAs decision to hold the Primary Subscription Window over 6 days. The RAs are implementing such amendments in DC Round 19 and intend to consult with market participants to determine if the amendments should be implemented in any subsequent DC Rounds.

The DC Round 19 Primary Subscription Window will be held for six business days (instead of 3) from;

- Tuesday 21st June until Thursday 23rd June 2022; and

- Tuesday 28th June until Thursday 30th June 2022

The associated Round 19 Supplemental Subscription Window will be held on Thursday 7th July 2022.

For further information please contact the Market Modelling Group (mmg@cru.ie) at the CRU or Kevin Baron (kevin.Baron@uregni.gov.uk) at the Utility Regulator.