Date published:
The SEM Committee has today, 08 August 2025, published a consultation paper on SEM Operational Parameters for 2026.
Under the terms of the SEM Trading and Settlement Code (TSC) Part B, the Regulatory Authorities (RAs) shall determine certain parameters proposed by the Market Operator (MO) and the TSOs, as applicable, in relation to the calculation and treatment of participants’ Required Credit Cover and matters related to Imbalance Settlement.
In May 2025 the RAs requested SEMO to review the parameters utilised in the calculation of Required Credit Cover and of the Price Materiality Threshold.
On 24 July 2025, the RAs received a report from the TSOs outlining their recommendations for the proposed values for the above parameters. The purpose of this consultation paper is to invite comments on the TSO’s proposals as summarised in this paper and detailed within the report published alongside it (SEM-25-043a and SEM-25-043b)
All comments should be received by close of business on 05 September 2025.