Urgent Modifications to Capacity Market Code - Timetable and Solutions
Urgent Modifications are being proposed to the Capacity Market Code to address over-procurement issues in capacity auctions. The interim and alternative solutions aim to resolve constraints and ensure compliance with State aid approval for the CRM. Timetable for consultation and decision-making is outlined for swift implementation. Stay updated on the latest developments in the capacity market code modifications.
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Capacity Market Code Modifications Urgent Modification Working Group 30 January 2019
CMC_01_19 CMC_01_19 Interim Solution for Conducting Capacity Auctions Interim Solution for Conducting Capacity Auctions The State aid approval for the CRM requires that all future auctions (including the current T-4 CY2022/23 auction) remove over-procurement arising from the resolution of Location Capacity Constraints. This is frustrated by the drafting of M.4.1.6 of the CMC and SEM-18-155 stated that the RAs would propose a modification to resolve this issue. Proposed changes made to implement the Decision: M.4.1.6 is removed Links to M.4.1.6 are removed M.4.1.2 (b) and M.6.1.7(a) Summary timetable for Urgent Modification Consultation closes: 22 February 2019 Decision published: 14 March 2019
CMC_01_19 CMC_01_19 Alternative Approach Alternative Approach M.4.1.6 can be removed by the RAs making a notification under M.4.1.1(b) to cease use of the Interim Auction Solution This disables the whole of section M.4 of the CMC, returning to the enduring text on F.8.3 and F.8.4 Ending the Interim Auction Solution would, in theory, lose the tie-breaking set out in M4.1.2 to M.4.1.5, falling back on the enduring tie-breaking set out in F.8.4.6 to F.8.4.7. The pre-processing of tie-breaking in M.4 is still needed while the Alternative Auction Solution Methodology (AASM) is in use. However, the RAs understand that this tie-breaking is already implemented as part of the AASM which was submitted by the SOs and approved by the RAs for the previous auction, as set out in Section M.6. If the drafting of the AASM document can be updated to clearly establish the pre-processing of tie breaking which it implements: The RAs can make notification to end use of the Interim Auction Solution CMC_01_19 can be withdrawn or the RAs can decide not to make the modification (under B.12.11.1) The AASM will be notified to Market Participants as part of the Final Auction Information Pack
Urgent Modifications Timetable Urgent Modifications Timetable Urgent Modifications Timetable Published 28/01/2019 Full Timetable: https://www.semcommittee.com/news-centre/capacity-market-code-urgent- modifications-set-2-timetable Modifications include: CMC_01_19 - Interim Solution for Conducting Capacity Auctions CMC_02_19 - Negative Interest CMC_03_19 - Treatment of Exempt Price-Quantity Pairs Event Date Working Group 4 30/01/2019 Consultation Period Opens 08/02/2019 Consultation Period Closes 22/02/2019 Decision Made 14/03/2019 Publication of Decision 15/03/2019 Implementation within the CMC 15/03/2019
Standard Modifications Standard Modifications Timetable Timetable Standard Modifications Timetable to be published following Working Group 4 Modification include covered by the Standard process: CMC_04_19 Finalisation of Exchange Rate in Auction Information Pack Key Dates include: Event Date Working Group 4 30/01/2019 Consultation Period Opens 22/02/2019 Consultation Period Closes 22/03/2019 Decision Expected 09/04/2019 Publication of Decision 10/04/2019
