The Single Electricity Market Committee is pleased to report the publication of the Consultation Paper on options for the high level design of the new wholesale electricity market.
The Consultation Paper contains a broad range of design options that will allow full consideration of the choices facing the all-island market in achieving compliance with the Target Model.
In order to signify the changes being made to the market you will see that the SEM Committee has described the new market as the Integrated Single Electricity Market (I-SEM). This recognises continuity with the existing market while acknowledging the purpose of the new market to integrate more fully with European market arrangements.
The consultation will last for eight weeks and ends by close business on 4 April 2014. A further consultation paper on the favoured option is planned for publication in June followed by a final decision paper to be published in August 2014.
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