Trading and Settlement Code Operational Parameters for 2020 Decision Paper

14 November 2019

Under the terms of the SEM Trading and Settlement Code (TSC) Part B, the Regulatory Authorities (RAs) shall determine certain parameters proposed by  the Single Electricity Market Operator (SEMO) in relation to the calculation and treatment of participants Required Credit Cover and matters related to Imbalance Settlement.

In May 2019, the RAs requested SEMO to review the parameters utilised in

  1.  The calculation of Required Credit Cover; and,
  2.  Imbalance Settlement.

On 31st August 2019, the RAs received reports (i.e. SEM-19-049a & SEM-19-049b)  from SEMO outlining their recommendations for the proposed 2020 values for the Required Credit Cover and Imbalance Settlement parameters. The RAs subsequently then published a consultation paper (SEM-19-049) on the 16th September 2019, which consulted on SEMO’s recommendations.

Having considered stakeholder comments, this paper presents the RA’s decision in relation to these parameters (i.e. Required Credit Cover & Imbalance Settlement parameters)