Today 19th July 2017 the Regulatory Authorities have published an extension to the consultation period for the Fixed Cost of a Best New Entrant Peaking Plant, Capacity Requirement & Annual Capacity Payment Sum for the Trading Year 2018 from first publication. The SEM committee have decided to extend the consultation period after interested parties requested a further period of time to consider their responses.
After requests to see the methodology and reasoning behind Calculation 2 (C2) in the Consultation Paper, the attached spreadsheet shows the figures used in the 2018 calculation, starting from 2016’s BNE figure as a base value.
Views are invited regarding any and all aspects of the proposals put forward in this Consultation Paper, and should be addressed (preferably via email) to Kevin Baron (kevin.baron@uregni.gov.uk) by 5pm on 15 August 2017.
Consultation Paper:
Today, 10th July 2017, the Regulatory Authorities (RAs) published a consultation paper on the 'Fixed Cost of a Best New Entrant Peaking Plant, Capacity Requirement and Annual Capacity Payment Sum (ACPS) for Trading Year 2018'.
Within this consultation paper the figure for the ACPS in 2018 is determined. This year, the RAs are seeking responses on two values of the ACPS, both of which can be summarised as follows:
The first calculation (C1) assigns a value to the Sum based on existing methodology, in line with previous years’ calculations.
The second value (C2) assign as value to the Sum based on an indexation method that takes into consideration the unprecedented swing in currency values
As in previous years, the value will be finalised in a Decision Paper to be issued by the SEM Committee following the receipt and review of responses.
Views are invited regarding any and all aspects of the proposals put forward in this Consultation Paper, and should be addressed (preferably via email) to Kevin Baron (kevin.baron@uregni.gov.uk) by 5pm on 4 August 2017.