Round 19 of Quarterly Directed Contracts Q4 2022 to Q3 2023: Updated Pricing Formulae

06 July 2022

 

 Round 19 of Quarterly Directed Contracts Q4 2022 to Q3 2023: Updated Pricing Formulae

Today, Wednesday,6th July 2022, the Regulatory Authorities (RAs) are to rerun the econometric pricing model for Directed Contract Round 19 Supplemental Subscription Window to amend the determination of the DC CfD Fixed Prices.

Due to an unforeseen increase in the volatility in commodity markets, the DC input commodity prices, in particular NBP gas prices, have moved outside the volatility range of the original DC Round 19 model. Hence, for the Supplemental Subscription Window the DC Round 19 pricing formulae has been updated.

The RAs are not suspending the subscription window but are updating the Pricing Coefficient formulae for the DC Round 19 Supplemental Subscription Window, scheduled for Thursday 7th July 2022.

Suppliers’ eligible volumes are unaffected by this update.

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.