Postponement of Round 18 of Quarterly Directed Contracts – Q3 2022 to Q2 2023

16 March 2022

 Postponement of Quarterly Directed Contract  Round 18

Today, Wednesday, March 16th 2022, the Regulatory Authorities (RAs) are publishing a notification of their decision to postpone Round 18 of the Quarterly Directed Contracts

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.

Due to the unprecedented volatility in commodity markets in recent weeks, the RAs have decided to postpone Round 18 (R18) of the Directed Contracts (DCs), which was scheduled to take place on the 22nd to 24th March 2022 (Primary Subscription Window) and the 31st March 2022 (Supplemental Subscription Window)

The postponement of DC Round 18 will be for a minimum of two weeks from the date of publication of this Information Paper.