The SEM Committee engaged Cambridge Economic Policy Associates (CEPA) and Ramboll to perform a bottom-up assessment of the fixed costs and Net CONE of a BNE peaking plant for the RAs. In their report, CEPA has estimated various capital and recurring fixed costs a rational investor would incur in the process of entering the SEM with a new generation unit through capacity auction T-4 2026/2027 and the resultant BNE Net CONE. The SEM Committee invites comments and feedback from the industry by the close of business on 30 November 2022. |