Trading & Settlement Code Annual Operational Parameters for 2017 - Consultation Paper

The TSC requires approval of Operational Parameters on an annual basis.
 

The SEM Trading and Settlement Code (the Code) specifies that the Market Operator (SEMO) and the System Operators (TSOs) shall make reports to the Regulatory Authorities proposing values for the following groups of parameters used in the settlement systems for each Year.  The groups of parameters concerned are:

1.       Parameters for the determination of Required Credit Cover (SEMO);
2.       MSP Software Penalty Cost Parameters (SEMO);
3.       Parameters used in the calculation of Uninstructed Imbalances (TSOs); and
4.       Flattening Power Factor (TSOs).
 

The Regulatory Authorities have now received the reports from SEMO and from the TSOs in respect of the values that they propose should apply for the Year 2017.  The purpose of this consultation is to seek views from interested parties and Market Participants on the proposals from SEMO and the TSOs. The Parameters are outlined in the accompanying paper which proposes that the values remain the same as for the current year.