Today, Wednesday 15th February 2023, the Regulatory Authorities (RAs) are publishing a Consultation Paper on the Amendments made to the Duration of the Directed Contracts Primary Subscription Window. 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. In May 2022 (), market participants were notified of the RAs’ decision to hold the Primary Subscription Window over six days. On August 24th 2022, market participants were further notified that the RAs decided to implement such amendments in DC Round 20 (SEM-22-059). The RAs are also implementing such amendments in DC Round 21. Further, the RAs previously noted their intentions to consult with market participants in Quarter 1 2023, to determine if the amendments should be implemented in any subsequent DC Rounds. The RAs are now consulting on whether the amendments made to the duration of the Primary Subscription Window, as outlined in , shall become enduring arrangements. Stakeholders are invited to respond to mmg@cru.ie by COB on Wednesday, 1st March 2023.
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