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ARTICLE · 04 MAY 2017

Intermediaries In The I-SEM – Business As Usual?

Mason Hayes & Curran LLP
Mason Hayes & Curran LLP
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The Irish energy regulators are currently engaged in the redesign of the all-island wholesale electricity market to meet the requirements of the European target model for electricity market integration.

IrelandEnergy and Natural Resources
Peter McLay
Peter McLay
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The Irish energy regulators are currently engaged in the redesign of the all-island wholesale electricity market to meet the requirements of the European target model for electricity market integration. Current market participants will be reassured by the latest regulatory decision, which suggests a "minimal disruption" approach to common trading structures that are currently used in the Irish wholesale electricity market.

An Intermediate Solution

The Irish wholesale electricity market (the Single Electricity Market, or "SEM") is a gross mandatory pool market. Market participants are required to sell their entire output into the pool and have no scope to sell any output through alternative arrangements, such as through power purchase agreements.

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