Operational Parameters Decision Paper 2023
The SEM Committee has today, 12 October 2022, published a decision paper on SEM Operational Parameters for 2023.
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 June 2022 therefore, the RAs requested SEMO to review the parameters utilised in the calculation of Required Credit Cover and of the Price Materiality Threshold.
On 3 August 2022, the RAs received reports from SEMO ( and ) outlining their recommendations for the proposed values for the above parameters. The RAs subsequently published a consultation paper () on the 17 August 2022, 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 2023.