The Regulatory Authorities, in Northern Ireland and the Republic of Ireland, today publish the Single Electricity Market Operator (SEMO) Price Control Decision Paper for the period commencing 1 October 2016 through to the end of the Single Electricity Market decommissioning period on 31 March 2019.
SEMO is responsible for administering the SEM and exists as a cross jurisdictional joint venture between Eirgrid and SONI, the Transmission System Operators (TSOs) in ROI and NI respectively.
This Price Control Decision Paper covers the transitional period as the all-island market moves from the SEM to the Integrated Single Electricity Market (I-SEM) and relates to SEM related costs only. The Price Control sets an allowance to cover SEMO’s operational and capital costs, in addition to providing SEMO with a return on these capital costs. The costs detailed in the Decision Paper will be recovered by SEMO through market operator tariffs commencing on 1 October 2016.
Responses to the SEMO Price Control Consultation Paper are also published today.