This page provides full details of the proposed change, relevant dates and decisions.
What is the issue?
Rule 6.7.7 allows a Capacity Provider to extend the Long Stop Date extended day for day for any delay in achieving the Substantial Completion Milestone that results solely from a failure of a Transmission Licensee or the relevant Distribution Network Operator to provide an active connection point.
Where the Transmission Licensee (TL)/Distribution Network Operator (DNO) delays the connection date by over 1 year, the proposer contends that Capacity Providers lose both revenue and effective delivery years from their CM Agreement unfairly.
What is the proposed solution?
For the case where a TL/DNO delays the connection the proposed solution seeks to:
- Clarify that Rule 6.7.7 allows multiyear extensions to the Long Stop Date (LSD)
- Allow Capacity Providers with a Prospective CMU the ability to postpone the Financial Commitment Milestone (FCM); and
- Extend the period during which Capacity can be increased under Rule 6.7.6.
StatusTitle Decoration
With Ofgem phase
This is the stage after consultation and after the CMAG has sent a recommendation to Ofgem but before Ofgem has determined whether to approve/reject/send back a CM Rules change.
Next StepsTitle Decoration
Milestone | Date |
Proposal Form Submission | 7 June 2023 |
CMAG Initial Consideration | Meeting 9 (20 June 2023) |
CMAG Development | Meeting 10 (18 July 2023) Meeting 11 (15 August 2023) Meeting 12 (21 September 2023) Meeting 13 (17 October 2023) |
CMAG Recommendation to Ofgem | Meeting 14 (23 November 2023) |
Ofgem Statutory Consultation | TBC |
Implementation | TBC |
Impacts and Related ChangesTitle Decoration
Impacts
Capacity Market Rules Sections
- Rules 6.6.8, 6.6.9 & 6.6.10 – Allows postponement of meeting Financial Commitment Milestone (FCM) where there is a Connection Delay caused solely by the TL/DNO
- Rule 6.7.6B – Extend the period during which Capacity can be increased under Rule 6.7.6
- Rule 6.7.7 & 6.7.9 – Clarifies that Multi-Year Extensions to the Long Stop Date (LSD) can be requested
Impacted Parties
- Capacity Providers
- Capacity Market Settlement Body (CMSB)
- EMR Delivery Body (EMR-DB)
Related Changes
Contact informationTitle Decoration
Lead Analyst:
Chris Arnold, Senior Change Lead: Capacity Market
[email protected], 020 7380 4221