Latest Change Proposal Updates
Ofgem Statutory Consultation on CM Rules Change Proposals
Ofgem has published its Statutory Consultation on three CM Rules Change Proposals. The Consultation can be accessed online, with responses due by 5 January 2024.…
Ofgem decision on CM Rules Change Proposals without Consultation
On 17 March 2023, Ofgem published its decision to reject four CM Rules Change Proposals without further consideration:
- CP357 (Review of T-3 Auction 2020);
- CP358 (Previous Settlement Period Performance);
- CP360 (Promoting Net Zero Assets); and
- CP367 (Fossil Fuel Emissions Declaration).
Ofgem discussed it’s minded-to-reject decision with the CMAG in advance, and the CMAG were in support of Ofgem’s decision and …
CP375: Merging Capacity Market Units
What is the issue?
CM Rules prohibit a change in Capacity Market Unit (CMU) configuration after Prequalification. This prevents Agreement holders from changing CMUs to reflect changes in project development and/or commercial structures. This may limit the commercial flexibility of Agreement holders, increasing the risk of project non-delivery, preventing more efficient commercial structures, and ultimately increasing Capacity Market costs.
What …