SEM Operational Parameters Decision Paper 2025
The SEM Committee has today, 29 October 2024, published a decision paper on SEM Operational Parameters for 2025.
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 2024 the RAs requested SEMO to review the parameters utilised in the calculation of Required Credit Cover and Uninstructed Imbalances.
On 5 July 2024, the RAs received reports from SEMO (SEM-24-053a) and (SEM-24-053b) outlining their recommendations for the proposed values for the above parameters. The RAs subsequently published a consultation paper (SEM-24-053) on the 26 August 2024, requesting the view of market participants on SEMO’s and the TSOs’ recommendations.
This paper presents the RAs’ decision in relation to the operational parameters for 2025.