CP376: Clarifying restrictions on the role of Agent

December 5, 2023

What is the issue?

The policy intent for Rule 3.3.5 is that each single CMU or multiple CMUs who all belong to the same Group (a holding company and its subsidiaries) is represented either by the Applicant themselves or by a nominated Agent who acts as Applicant, Bidder and/or Capacity Provider for only that CMU or the CMUs of that …

CP375: Merging Capacity Market Units

November 15, 2023

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

CP374: Splitting Capacity Market Units

November 15, 2023

What is the issue?

The 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 can 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.…

CP373: Process Transfer from EMR Delivery Body to CM Settlement Body

August 9, 2023

What is the issue?

In progressing the New Portal project, the EMR Delivery Body (EMR DB) has been working closely with the CM Settlement Body (CMSB) to define and deliver integrated processes. The EMR DB and CMSB have identified an opportunity to make the existing Metering processes less complex to benefit end users, reducing cost and risk, where the data …

New CM Rules Change Proposal CP371 ‘Protection from Very Late Network Connections’

June 7, 2023

A new CM Rules Change Proposal CP371 ‘Protection from Very Late Network Connections’ has been raised by Waters Wye Associates. CP371 seeks to amend Rule 6.7.7 so that a Capacity Provider receives capacity payments for the full expected length of their Capacity Agreement in cases where a planned connection date is delayed by the Transmission Operator or relevant Distribution Network …

Ofgem decision on CM Rules Change Proposals without Consultation

March 18, 2023

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 …