The SEM Committee today, 6th August 2013, publishes its decision on SEMO's revenue allowance for the period October 2013 to September 2016. This allowance covers the cost of operating the Wholesale Electricity Market.
This Decision Paper by the SEM Committee includes decisions on the form of SEMO regulation and the allowed revenue for SEMO's OPEX. SEMO has been given a choice of several different CAPEX allowances with specific incentive schemes attached to each choice.
The final set of tariffs shall be published by SEMO in the coming weeks for tariff year 2013/14.
In addition the SEM Committee will publish market participants' responses to the SEM Price Control Consultation Paper which was published by the Regulatory Authorities in April 2013.