Today, 12 April 2017, the SEM Committee published the Amendments to the Trading and Settlement Code in order implement I-SEM. The Trading and Settlement Code requires the setting by the Regulatory Authorities (RAs) of a number of parameters. A consultation was published on 3 February 2017 on parameters covering Credit Cover and Imbalance Settlement.
This second consultation covers parameters utilised in:
- the calculation of the imbalance price
- the scheduling and dispatch process; and
- the contract refusal process.
The consultation includes two papers on recommended values produced by SEMO and the TSOs. Responses are due by Friday 9 June 2017.