Message

Affected Period

Status
Closed

Category
SEMOpx

Run type

Created
11/11/2021 15:30

Last Updated
17/11/2021 16:10

Update 17/11/21 

Dear Member, 

Reminder of the Special Topic Meeting on Thursday, 18th November from 10.00am - 11.00am.  If you have not yet confirmed your attendance and would like to register please send an email to info@semopx.com. 

The dial-in details will be circulated after registration has closed.

Please do not hesitate to contact us at info@semopx.com should you have any questions.

Kind regards,
SEMOpx 

Update 15/11/21 

Dear Member,

Following our below Market Message regarding a proposal made by SEMOpx to increase the Intraday Auctions (IDA 1,2,3) price caps, we would like to inform you that SEMOpx will host a Special Topic meeting on Thursday 18th November from 10.00am-11.00am to obtain feedback from Members on the realistic timeframes for implementation of this proposal.

Information regarding the applied changes is detailed below, along with sample XML files which include the change in value:

• API applications will be able to get the updated information (as of when they are configured in SIMU and in PROD respectively) by using the request:  RetrieveAreaInformation

• Inclusion of “Maximum Price of the curve is 3000 EUR” comment in XML (can be viewed via sample XML’s)

We would ask that you confirm your attendance by 5.00pm on Wednesday, 17th of November 2021 by sending an email to info@semopx.com. The dial-in details will be circulated after registration has closed.

Please do not hesitate to contact us at info@semopx.com should you have any questions.

Kind regards,

SEMOpx Team

Original Market Message 11/11/21 

Dear Member,

A proposal has been made by SEMOpx to increase the Intraday Auctions (IDA 1,2,3) price caps from €1500 to €3000 as soon as possible due to increasing energy costs and the need for members to be able to bid in the true costs of generation.

The  details of the proposal are provided here. This proposal was supported by the Exchange Committee meeting held on 11/11/2021. 

Further clarity on the impact of the proposal will be updated in the proposal, but the key clarification changes are:

1. will not impact on Northern Ireland bids as the technical price limits for GBP orders are already higher than €3000
2. will only impact on Republic of Ireland members
3. will not impact on negative price caps, only on the positive price cap
4. will impact on IDA1, IDA2 and IDA3 auctions (noting that DAM already has a price cap of €3000) 

One of the key considerations highlighted by the Exchange Committee is the implementation timelines for this change. The current proposal is to implement the change in early December in order to ensure it is available over the winter period.

In order to confirm acceptable timelines for this change SEMOpx will host a Special Topic meeting from 10-11am Thursday 18th November to obtain feedback from members on the realistic timeframes for implementation of this proposal. Further details on dial-in details for this meeting will follow.

To allow an informed discussion with members, SEMOpx will issue the technical specification change before this meeting so that members can discuss with their vendors the extent of the changes need to accommodate the price cap change and realistic timelines for implementation.

Kind regards,

SEMOpx Team