Quarterly Directed Contract Information Note - Round 1 under revised SEM arrangements
Today, Wednesday 6th December 2017, the Regulatory Authorities (RAs) publish an Information Paper on the quantities and prices for the "Round 1” offerings of Directed Contracts (DCs).
This is the first round of DCs under the revised SEM trading arrangements and covers the period ‘Q2’ 2018 to Q1 2019 inclusive.
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 and Power NI Power Procurement Business 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.
Please note that the forthcoming Primary DC Subscription Window will commence on Tuesday 12th December 2017.