The Capacity Remuneration Mechanism (CRM) is a competitive element of the Single Electricity Market designed to ensure electricity security of supply across the island of Ireland. Competitive auctions secure the necessary capacity to meet demand for delivery in a specified year.
Section B.12 of the CMC sets out the Modifications process and contains details in regards to submitting a proposal, the process of discussing proposals through Working Groups and the consultation and decisions process.
During Working Group 14, which took place on 23 July 2020, two proposals was presented.
This timetable relates to how the RAs plan to consult and make a decision relating to the following proposals:
- CMC_10_20 – Change to determinations made in F.4.1.1
This modification proposal provides for a change in the determinations made by the SOs under F.4.1.1. These include the determination of the Locational Capacity Constraint Required Quantity (LCCRQ) and related quantities.
The change adds the determination of the quantity awarded in previous auctions to enable the quantity to be used in the auction to be made visible.
- CMC_11_20 – Providing greater flexibility for the current Interim Secondary Trading Notification (ISTN) process
This modification proposal is designed to provide greater flexibility with regards to units being subject to, what is perceived to be, a lengthy notice period to activate and/or cease an ISTN.
Today, 7 August 2020, the RAs have published the CMC modification timetable for these proposed modifications.
As set out in the timetable the RAs intend to proceed to the consultation process on 14 August 2020.