The SEM Committee has today, 26 August 2024, published a consultation 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 a report from the TSOs outlining their recommendations for the proposed values for the above parameters. The purpose of this consultation paper is to invite comments on the TSO’s proposals as summarised in this paper and detailed within the report published alongside it (SEM-24-053a, SEM-24-053b)
All comments should be received by close of business on 20 September 2024.