The Integrated Single Electricity Market (I-SEM) High Level Design includes a Capacity Remuneration Mechanism (CRM) to help ensure that sufficient generation is available to keep the lights on. The CRM will secure the capacity required to produce electrical energy through the I-SEM via a competitive Reliability Options auction process.
The RAs today, 10th April 2017, publish this CRM Auditor and Monitor Terms of Reference Decision Paper regarding arrangements for an independent Capacity Auction Monitor and independent Capacity Market Auditor.
This paper is published following a consultation process and industry engagement. It contains a summary of the consultation comments, the SEM Committee’s response to those comments and the SEM Committee’s decisions on the key issues.