In June 2016, The SEM Committee published a consultation paper on Measures to Promote Liquidity in the I-SEM Forward Market (SEM-16-030). This reviewed possible reasons for the lack of liquidity in forward energy contracts and the role of existing regulatory interventions, including Directed Contracts and ring-fencing of particular vertically integrated market participants.
Having considered all consultation responses, the Regulatory Authorities (RAs) today, 16th March 2017 are publishing the Decision paper SEM-17-015 ‘Measures to Promote Liquidity in the I-SEM Forward Market – Decision Paper’.