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A-Z Finder

 

C

    Capacity Charge

     

    means the charge in respect of Supplier Units in each Capacity Period on the basis of their Loss-Adjusted Net Demand.  This charge provides the monies for the funding of Capacity Payments.

    For more information on capacity charges/payments please click here

    Capacity Payment

    means the payment in respect of Generator Units in each Capacity Period on the basis of their Eligible Availability.

    For more information on capacity charges/payments please click here

    Capacity Period or CP

    means as defined in paragraph 6.44.

     

    Capacity Period Currency Cost

     

    means the cost or the benefit to the Single Electricity Market that is based on the difference in Currency rates between the annual determination of capacity costs in respect of Capacity Payments and Capacity Charges and the actual payment of Invoices and Self Billing Invoices. This cost or benefit is distributed across all Participants in accordance with paragraphs 6.139 and 6.139A.

    For more information on capacity charges/payments please click here

    Capacity Period Invoice

     

    means an Invoice for a particular Capacity Period.

     

    For more information on invoices please click here

    Capacity Period Payment Sum

     

    means, in relation to any Capacity Period, that part of the Annual Capacity Payment sum for a particular Year that shall apply in the specified Capacity Period in that Year determined in accordance with paragraph 4.98.

    Central Market System or CMS

     

    means the IT systems within the control of the Market Operator used to meet its obligations under the Code (including without limitation bid/offer acceptance, MSP Software, Settlement, invoicing, funds transfer and credit assessment).

    Classification

    means the current classification of a Generation Unit as one of the categories defined in Section 5: Special Units

     

    Clearing Bank

    means a Bank that uses a central clearing house in all its dealings with other Banks.

     

    CMS Data Transaction

    is a Data Transaction submitted by a Party or Participant in accordance with Appendices I, K and L.

     

    Code

     

    means this Trading and Settlement Code established as set out in paragraph 1.1, including the Appendices and Agreed Procedures as amended from time to time or otherwise modified in accordance with the Code.

    Code Objectives

    means the objectives of the Code as set out in paragraph 1.3.

     

    Cold

    means a cold Warmth State.

     

    Cold Start

    means any Synchronisation of a Generator Unit that has previously not been Synchronised for a period of time longer than its Accepted Warm Cooling Boundary.  This data is provided within the submission of Technical Offer Data as described in Appendix I: “Offer Data”.

     

    Cold Start Up Cost

    means Start Up Costs associated with a Cold Start.

     

    Combined Loss Adjustment Factor or CLAF

    means the factor for each Unit in each Trading Period, as calculated by the System Operators in accordance with 4.44A to adjust the Output or Demand of that Unit for the effect of Transmission Losses and Distribution Losses and as otherwise provided for in the Code.

     

    Commencement Date

     

    means the commencement date of the Code as determined by the Regulatory Authorities.

    Commencement Notice

     

    means the Notice issued by the Market Operator as set out in paragraph 2.47.

     

    Commercial Offer Data

    means commercial offer data in respect of a Generator Unit as set out in Appendix I: “Offer Data”.

     

    Commission or Commission for Energy Regulation or CER

    means the Commission for Energy Regulation as established pursuant to the Electricity Regulation Act, 1999 or any successor body.

     

    Commission Test Certificate

    means the certificate to confirm that a particular Generator Unit has successfully completed commissioning testing in accordance with the Grid Code.

     

    Communication Channel

     

    means one of three methods of transferring data contained in Data Transactions as set out in paragraph 3.7.

    Communication Channel Qualification

     

    means the requirements for qualification of a Communication Channel provided for pursuant to paragraph 3.3 and as set out in Agreed Procedure 3 “Communication Channel Qualification”...

    Communication Channel Type

    means a specific Communication Channel as detailed in paragraph 3.7 and as more specifically set out in Agreed Procedure 3 “Communication Channel Qualification”.

    Competent Authority

    means the Irish Government and Her Majesty’s Government, the Cabinet of the Northern Ireland Assembly (where not prorogued), the Department for Communications, Marine and Natural Resources, Her Majesty’s Department for Trade and Industry, the Department of Enterprise, Trade and Industry Northern Ireland (DETINI), the Commission, NIAUR, the Irish Competition Authority, the Office for Fair Trading of the United Kingdom, the Competition Commission of the United Kingdom, the Competition Appeals Tribunal of the United Kingdom or any national or supra-national authority, department, minister,  court, tribunal or public or statutory person being of a public nature  of Ireland, the United Kingdom or of the European Union (including the European Commission, the European Parliament and the European Courts of First Instance and of Justice) and any international or supranational body, with power and competence to make binding decisions, awards, rulings, judgments or decisions.

     

    Confidential Information

    has the meaning set out in paragraph 2.344.

     

    Confirmation Notice

    means a communication from the Market Operator issued on receipt of a CMS Data Transaction in accordance with paragraph 3.32.

     

    Connected

    means where a Generator Unit or a constituent of a Supplier Unit as applicable is connected to a Transmission System or Distribution System respectively and “Connection” shall be construed accordingly.

     

    Connection Agreement

    means in either Jurisdiction, an agreement between a Party and a System Operator or Distribution System Operator as appropriate specifying terms and conditions for Connection to the Transmission System or Distribution System and physical and technical parameters for that Connection.

     

    Connection Point

    The physical point where the Party’s Generator Unit or a constituent of a Supplier Unit as applicable is joined to the Transmission System or the Distribution System as appropriate.

     

    Connection Type

    means the type of Connection to the Transmission System or Distribution System as appropriate as contained in the Connection Agreement between a Party and a System Operator or Distribution System Operator.

     

    Constraint Payments

    means a payment in respect of a Generator Unit based upon the difference between its Dispatch Production Cost and its Schedule Production Cost calculated in accordance with paragraph 4.136 or as otherwise specified in Section 5.

    For more information on payments please click here.

     

    Contiguous Operation Period

    means a consecutive set of Trading Periods in which a Price Maker Generator Unit has a Market Schedule Quantity constantly greater than zero within the period spanned by the Optimisation Time Horizon and the most recent Valid MSP Solution for the preceding Trading Day or Trading Days.

     

    Contiguous Site

    means one or more buildings or structures occupied or used by one person for production or consumption of electricity where each building or structure is adjacent to or contiguous with the other building or structure and containing adequate metering to define the complete electrical export or import of that contiguous site.

     

    Credit Assessment Price

     

    means a price used in the calculation of Required Credit Cover for a Party under the Code determined in accordance with paragraph 6.201.

    Credit Assessment Volume

     

    means a forecast of Output or Demand in respect of a New or Adjusted Participant’s Supplier Units or Generator Units based upon information provided by the Participant and used in the calculation of the Participant’s Required Credit Cover

    Credit Call

     

    means the call by the Market Operator on a Participant’s Credit Cover Provider to draw down all or part of a Participant’s Posted Credit Cover.

    Credit Cover

     

    means the credit cover required of and provided by a Participant in a form which meets the requirements set out in Section 6.

    Credit Cover Adjustment Trigger

     

    means the parameter, determined in accordance with paragraph 6.182, used by a Participant to determine when it should report to the Market Operator expected future changes in the total metered quantities of its Supplier Units such that it should be designated an Adjusted Participant.

    For more information on Credit please click here

    Credit Cover Increase Notice

     

    means a Notice from the Market Operator to a Participant specifying the required minimum increase in Credit Cover issued in accordance with the provisions in the Code.

    Credit Cover Provider

     

    means the provider of a Participant’s Letter of Credit, or the SEM Bank as provider of the Participant’s SEM Collateral Reserve Account, or each or both of them as appropriate.

    For more information on Credit please click here

    Credited Participant

    means the Participant who, as part of a Settlement Reallocation Agreement, is receiving a transfer of funds from the Debited Participant.

    For more information on Credit please click here(link to CRM Factsheets)

     

    Cross Border Supply

    means any electricity generated in one Jurisdiction and consumed in the other Jurisdiction.

     

    Currency

    means euro in Ireland and pounds sterling in Northern Ireland and “Currencies” shall be construed accordingly.

     

    Currency Cost

     

    means the Billing Period Currency Cost or the Capacity Period Currency Cost or both, as the context requires.

    For more information on currency costs please click here

     

    Currency Zone

    means the Jurisdiction in which a Unit is Connected.

     


SEMO is a joint venture between EirGrid PLC and SONI Limited