Dispute Resolution Board decision
Affected Period
Status
Closed
Category
Balancing
Run type
Created
09/08/2019 11:11
Last Updated
09/08/2019 11:13
Dear Market Participant,
Following a pricing event on 24 January 2019 when the Imbalance Settlement Price rose to levels above the strike price in a number of periods, a dispute was raised by a market participant under the SEM Trading and Settlement Code (TSC) and its Framework Agreement. The substantive issue of the dispute related to the fact that on 24 January 2019 the North-South tie-line was flagged as a binding constraint and was constrained in a south to north direction, with the effect that RoI plants were unable to solve marginal increases in system load in SEM. Accordingly difference charges applied in the market for non-delivery of capacity pursuant to the capacity market rules.
In considering this issue, the
Dispute Resolution Board (DRB) found EirGrid and SONI had acted correctly under
the terms of the Trading and Settlement Code. The DRB awarded a recovery
of 1,696,000 million from the Socialisation Fund to the disputing market
participant, an action to be completed within 30 days of Friday, 19 July 2019.
It should be noted that this decision is now binding and will be implemented
by the Market Operator. Pursuant to Section B.19.1.2 of the TSC, SEMO now
informs market participants of this Dispute.
Kind regards,
Anne Fitzgerald
Head of Front
Office