The SEM Committee has today, 17 August 2022, published a consultation paper on the SEM Operational Parameters for 2023.
Under the terms of the SEM Trading and Settlement Code (TSC) Part B, the Regulatory Authorities (RAs) shall determine certain parameters proposed by the Market Operator (MO) and the TSOs, as applicable, in relation to the calculation and treatment of participants’ Required Credit Cover and matters related to Imbalance Settlement.
In June 2022 therefore, the RAs requested SEMO to review the parameters utilised in the calculation of Required Credit Cover and the Price Materiality Threshold.
On 3 August 2022, the RAs received reports from SEMO outlining their recommendations for the proposed values for the above parameters. The purpose of this consultation paper is to invite comments on SEMO’s proposals as summarised in this paper and detailed within the reports from SEMO (SEM-22-049a and b) which are published alongside it.
All comments should be received by close of business on 14 September 2022.