As required under Trading and Settlement Code Part B, a number of Market Parameters require approval by the SEM Committee each year. These parameters are:
- Supplier Capacity Charge Price
- Difference Payment Socialisation Multiplier
- Residual Error Volume Price
- Currency Cost Price and Currency Adjustment Charge Factor
- Annual Capacity Charge Exchange Rate
This paper sets out the final values to apply for each of these items in the tariff year 1 October 2023 until 30 September 2024.