Message

Affected Period

Status
Closed

Category

Run type

Created
11/05/2020 12:21

Last Updated
11/05/2020 12:26

Following a pricing event on 24 January 2019 when the Imbalance Settlement Price rose to levels above the strike price in a number of Trading Periods, a dispute was raised by a market participant (Previously Disputing 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. 

Pursuant to a decision of a Dispute Resolution Board  (DRB) in July 2019, a rebate of monies from the capacity market Socialisation Fund was made to this Previously Disputing Market Participant.  A note was issued to the market informing of the decision of the DRB in this matter on 9 August 2019.

Following the publication of the notice of 9 August 2019 a similar dispute was raised by another market participant (the Second Disputing Market Participant) relating to the same pricing event of 24 January 2019, on the grounds that on direction from the DRB monies had been released from the Socialisation Fund with respect to this pricing event to the Previously Disputing Market Participant and not to this Second Disputing Market Participant who was impacted in a like manner.  In a decision of 9 April 2020 a finding was made by the SEM DRB  requesting that a sum in the order of €2,766,628 be paid to this Second Disputing Market Participant from the SEM Socialisation Fund, which is to be paid by 30 days from the date of this decision i.e. by 8 May 2020.  Accordingly pursuant to paragraph B.19.1.2 of Part B of the TSC, SEMO now informs market participants of these events.