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

17 October 2022

 Update of Postponement of Quarterly Directed Contract Round 20

Today, Monday, 17th October 2022, the Regulatory Authorities (RAs) are publishing a notification of their decision to progress with DC Round 20 and set out the indicative dates of the Primary and Supplemental Subscription Windows.

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 RAs’ intention is to hold the DC Round 20 Primary Subscription Window  across the following two consecutive weeks:

•           Tuesday 22nd – Thursday 24th November 2022; and

•           Tuesday 29th – Thursday 01st December 2022

The DC Round 20 Supplemental Subscription Window is scheduled to be held on Thursday 8th December. The RAs will publish an update to industry should the Subscription Window dates outlined above change in the interim.

At the time of publishing this Notification to Industry, the European Commission has not yet formally published its market emergency intervention measures that may have a material impact on the DC modelling process. Therefore, the DC Round 20 modelling processes will not reflect any such changes.

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.