The Regulatory Authorities have today, 14th September published a decision paper “Trading and Settlement Code Policy Parameters 2018.” This paper outlines the values for the policy parameters to apply for 2018 until I-SEM Go-Live. As detailed in this paper, the SEM Committee has decided to leave the values of the policy parameters for the period 1 January 2018 until I-SEM Go-live unchanged as follows:
· PCAP at €1,000/MWh;
· PFLOOR at minus €100/MWh;
· Uplift Parameter α to be set at 0.1;
· Uplift Parameter β to be set at 0.9; and
· Uplift Parameter δ to be set at 5.
In addition, the VOLL for the year 2018 has been calculated as €11,128.26/MWh.