Postponement of Round 20 of Quarterly Directed Contracts – Q1 2023 to Q4 2023

14 September 2022

 Postponement of Quarterly Directed Contract Round 20

Today, Wednesday, 14th September 2022, the Regulatory Authorities (RAs) are publishing a notification of their decision to postpone Round 20 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.

DCs in Round 20 cover quarterly segments for the periods: Q1 2023, Q2 2023, Q3 2023 and Q4 2023. The DC Round 20 Primary Subscription Window was scheduled to take place from; Tuesday 20th September 2022 to Thursday 22nd September 2022 inclusive and Tuesday 27th September 2022 until Thursday 29th September 2022, inclusive. The associated Round 20 Supplemental Subscription Window was scheduled to be held on Thursday 6th October 2022.

The postponement of DC Round 20 will be for a minimum of three weeks from the date of publication of this Information Paper. The RAs emphasise their decision is to postpone, not cancel, Directed Contract Round 20.

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.