I-SEM CRM T-4 CY2022/23 Best New Entrant Consultation

02 May 2018

The Regulatory Authorities (RAs) today, 2 May 2018, publish the I-SEM CRM T-4 CY2022/23 Best New Entrant consultation.

This review of the Best New Entrant, in the first instance, relates to the first T-4 Capacity Auction for the Capacity Year 2022/23 for which the auction is due to take place in March 2019.

In summary this consultation paper includes the following:

  • Consideration of possible Best New Entrant (BNE) reference plants;
  • Capital Investment Costs and Annual Fixed Costs associated with possible reference plants;
  • Review of the Weighted Average Cost of Capital (WACC) to apply to the Best New Entrant;
  • Estimated Energy Market and System Services Revenues;
  • Proposed BNE Net CONE for an OCGT and CCGT located in Ireland and Northern Ireland.

The consultation paper consists of the following:

SEM-18-025 Consultation Paper: CRM T-4 Capacity Auction 2022/23 Best New Entrant Net Cost of New Entrant (BNE Net CONE)

SEM-18-025a Appendix A: Poyry Report: Cost of New Entrant Peaking Plant and Combined Cycle Plant in I-SEM

Responses to the consultation paper should be sent to both Karen Shiels (karen.shiels@uregni.gov.uk) and Kevin Lenaghan (Kevin.Lenaghan@uregni.gov.uk) by 17:00 on Friday, 15 June 2018.