Message

Affected Period

Status
Closed

Category
Balancing

Run type

Created
04/12/2023 11:48

Last Updated
04/12/2023 11:57

Dear Market Participant,

The CRU has published its decision paper on the Market Revenue Cap Surplus Assessment, the supplementary excel data tables and Nil Assessment template, please see here:

Market Revenue Cap - Surplus Assessment | CRU.ie

Participants are required to submit their returns, or Nil declarations, to the CRU by 31 December 2023, via the returns submission portal, which is available here:

https://forms.office.com/e/CXU9iFREJ3 

Each participant is required to assess their role for each generating unit, which is subject to the cap, and provide an assessment of the adjusted surplus revenue for the role they play for a given generating unit as per the format in the data tables that accompany the decision paper. If a participant is not subject to the market revenue cap, the CRU requires a participant to submit a Nil Assessment. The persons that are liable to pay are required to transfer their declared adjusted surplus revenue to the collection agent (EirGrid in its Single Electricity Market Operator (SEMO) function), by 31 January 2024.

The CRU intends to organise a Teams workshop for de minimis producers to discuss and answer questions on the de minimis data tables and the submissions process. The CRU invites registration of interest by de minimis producers for this workshop to the email address MarketRevenueCap@cru.ie

The provisional date and time for this workshop is 12 to 1pm on Friday 8th December 2023.

The CRU also invites any queries from industry on the adjusted surplus assessment and submission process to the same mailbox.

Kind regards, 

SEMO Team