Transitional Registration Plan
Transitional Registration Plan
17 th May 2017
Version 4.0
© EirGrid 2017. Commercial In Confidence.
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Transitional Registration Plan
Revision History
Summary of Changes
Version
Date
Revised
By
First Publication
1.0
14th Oct 2017
I-SEM Project
Second Publication
2.0
6th Dec 2017
I-SEM Project
Correction of Table 1 NEMO Trading Application Date to 07/08/2017
2.1
17th Jan 2017
I-SEM Project
Updates based on Finalisation of I-SEM Programme Change Request
3.0
13th February
2017
I-SEM Project
3.1
6th March
2017
I-SEM Project
3.2
20th March
2017
I-SEM Project
4.0
17th May 2017
I-SEM Project
Provisional version with re-planned dates based on stocktake outcome. Changes
are subject to I-SEM Programme Change Request Approval
-
Update of all timeline diagrams (Figures 2, 3, 4, 5, 6, 7), particularly Figure
7 for Capacity Market correction of dates in tables (Tables 1, 2, 3, 7)
-
Included Level 2 milestone references in [brackets]
-
Section 6.4.3 clarification on Parameter Decisions narrative
Minor updates throughout the document e.g. reference to SEMOpx as official
name for EirGrid/SONI Exchange; correction of typos.
Figure 3 & 5, and Table 5: Update to clarify that “SEMOpx application deadline”
is the deadline for inclusion in Market Trial.
Figure 5 – amended typo in date for “New Member NCM/DCP Documentation
Deadline” to 1st Dec 2017
Update to Transitional Accession process for TSC and CMC.
Figure 2, 3, 4, 7 – added in draft Framework Agreement (FWA) send to Party
and returned by Party, removed Accession Deed dates and updated TSC FWA
deadline.
Table 1 – added draft FWA submission date (unsigned), removed Accession
Deed dates, and updated TSC FWA deadline.
Table 2 –added draft FWA issue date.
Section 4.4.5, 6.1.3, 6.4.3 – under “Framework Agreements” heading. Updated
text to represent revised process.
Table 3 - removed Accession Deed dates, and updated and added TSC FWA
dates.
Section 5.1.1. under “General” heading. Updated assumption 4 to need to revalidate Parties as part of FWA signing.
Table 4 & 7– added draft FWA send to Party and returned draft FWA from Party,
removed Accession Deed dates, and updated TSC FWA deadline.
Section 1 – addition of NCM to glossary
Section 4.3 Figure 2 – added Market Trial Agreement milestones, adjusted AoLR
registration timelines, added intermediary application deadline, added banking
arrangements confirmation deadline.
Section 4.4.2.1 Table 1 – reordered entries to be in deadline chronological order,
added in intermediary application deadline based on new Level 2 milestone
#159, amended intermediary approval milestone based on Level 2 plan CR,
amended AoLR application deadline, included SEMOpx Framework Agreement
signing milestones, included Market Trial Agreement signing deadline, included
banking arrangements confirmation deadline.
Section 4.4.4.1 Table 2 – included issuing of Market Trial Agreement and draft
SEMOpx Framework Agreement
Section 4.4.4.2 Table 3 – amended intermediaries milestone to match change in
I-SEM level 2 milestone
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Transitional Registration Plan
Summary of Changes
Version
Date
Revised
By
Section 4.4.5
Framework Agreements – added text to say separate SEMOpx Framework
Agreement needed
NEMO Markets – added text to convey that banking arrangements do not need
to be in place for 7th August 2017 but by the 7th Feb 2018 and that SEMOpx
Framework Agreement needs to be signed.
Added Market Trial Registration heading and text.
Section 5 Figure 3 – added details on market trial registration, added details on
SEMOpx framework agreement signing process, amended AoLR registration
timelines, amended existing ECC member documentation deadline, included
banking agreement confirmation deadline, added in intermediary application
deadline, amended intermediary approval milestone RA approval milestone.
Section 5.1.3 – included assumption that on SEMOpx Framework Agreement
signing.
Section 5.1.4 – amended dates for AoLR activities
Section 5.1.5 – amended duration of first capacity auction and footnote on same.
Section 6.1.1 Table 4 – included draft Framework Agreement issued for signing
date, included intermediary application deadline, included intermediary
confirmation submission deadline.
Section 6.1.2 Figure 4 - added Market Trial Agreement milestones, added
intermediary application deadline, RA approval date for intermediaries, additional
activities for Framework Agreement Signing.
Section 6.1.3
Framework Agreements - added more detail on Framework Agreement signing
process and dates.
Intermediary Arrangements – included heading and text on intermediary
approval process and dates.
Section 6.2.1 Table 5 – included dates related to SEMOpx Framework
Agreement Signing, included Banking Confirmation Deadline, amended Existing
ECC Member application deadline
Section 6.2.2 Figure 5 – amended diagram in line with changes made to Table 5
Section 6.2.3.1 SEMOpx Trading Rules - elaborated on details for signing up to
SEMOpx Trading Rules
Section 6.2.3.2
Deadlines for Go-Live Registration – amended date for Existing ECC member’s
application deadline line.
Confirmation of Banking Agreements – added heading and text to describe
milestone
ECC Registration Deadlines – added heading, text and Table 6 to explain
milestone dates.
Section 6.3.1 Table 6 – adjusted dates relate to AoLR key dates.
Section 6.3.2 Figure 6 – amended diagram in line with changes made to Table 6.
Section 6.4.1 Table 7 – added additional date related to Framework Agreement
signing, added in new intermediary application deadline, clarified that unit
qualification includes confirmation of intermediary.
Section 6.4.2 Figure 7 – amended diagram in line with changes made to Table 7.
Section 6.4.3
Framework Agreements - added more detail on Framework Agreement signing
process and dates.
Intermediary Arrangements – included heading and text on intermediary
approval process and dates.
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Transitional Registration Plan
1. Glossary of Terms
Acronym/Abbreviation
Definition
AoLR
Agent of Last Resort
BLG
Business Liaison Group
CCC
Coordinated Capacity Calculation
CCQT
Communication Channel Quality Testing
CER
Commission for Energy Regulation (Ireland)
CFD
Contract for Difference
CM
Capacity Market
CMC
Capacity Market Code
DAM
Day Ahead Market
DCP
Direct Clearing Participant
DSU
Demand Side Unit
ECC
European Commodity Clearing (DAM/IDM Clearing House)
FTR
Financial Transmission Rights
IDM
Intraday Market
I-SEM
Integrated Single Electricity Market
JAO
Joint Allocation Office
KYC
Know Your Customer
MDP
Meter Data Provider
MO
Market Operator
NCM
Non-Clearing Member
NEMO
Nominated Electricity Market Operator
RAs
Regulatory Authorities
SEMO
Single Electricity Market Operator
SONI
System Operator Northern Ireland
TOD
Technical Offer Data
TSC
Trading and Settlement Code
TSO
Transmission System Operator
UR
Utility Regulator (Northern Ireland)
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2. Contents
1.
GLOSSARY OF TERMS .............................................................................................................................. 4
3.
INTRODUCTION ....................................................................................................................................... 6
3.1
3.2
3.3
4.
HIGH LEVEL (ALL MARKETS) PLAN ............................................................................................................ 8
4.1
4.2
4.3
4.4
5.
CONSIDERATIONS ....................................................................................................................................... 8
PRINCIPLES ............................................................................................................................................... 8
HIGH LEVEL OVERVIEW ............................................................................................................................. 10
KEY DATES .............................................................................................................................................. 11
DETAILED (ALL MARKETS) PLAN............................................................................................................. 18
5.1
5.2
6.
PURPOSE .................................................................................................................................................. 6
BACKGROUND ........................................................................................................................................... 6
SCOPE...................................................................................................................................................... 6
ASSUMPTIONS ......................................................................................................................................... 20
PRINCIPLES ............................................................................................................................................. 22
PLANS BY MARKET/SERVICE .................................................................................................................. 23
6.1
6.2
6.3
6.4
BALANCING MARKET ................................................................................................................................ 23
NEMO MARKET...................................................................................................................................... 27
AOLR SERVICE......................................................................................................................................... 31
CAPACITY MARKET ................................................................................................................................... 34
7.
REGISTRATION FEES .............................................................................................................................. 38
8.
FURTHER INFORMATION ....................................................................................................................... 39
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3. Introduction
3.1 Purpose
The purpose of this document is to clearly define the Transitional Registration Plan to be
used for the transition from the SEM to I-SEM arrangements.
It is intended to provide a basis for ensuring a common understanding between the TSO’s ISEM Project, Participants, Regulatory Authorities, and other Stakeholders on the transitional
registration plan including activities, deadlines, timelines, and stakeholders’ obligations.
3.2 Background
A transition is required from the SEM arrangements to the new I-SEM arrangements. One
component of this is the registration of Parties, Participants and Units from the SEM to ISEM.
In order to participate in the I-SEM, Participants will need to register:
1) Fully, including providing the required registration data and documentation, and
having this information validated and approved; and,
2) In a timely manner, in order to participate in the mock auctions, Market Trial,
official auctions and the I-SEM market Go-Live.
The transition from SEM to I-SEM involves ensuring the registration of Parties, Participants
and Units for a number of different markets each of which are subject to different
governance arrangements. The I-SEM markets being: Forwards, Financial Transmission
Rights, Day Ahead Auctions, Intraday Auctions and Continuous, Capacity. In addition the ISEM includes an Agent of Last Resort Service1.
Therefore the transition is not simply transferring data from the old to new systems. It also
involves Participants considering how they wish to set themselves up in the I-SEM under a
new entity model, providing new registration data and supporting information, as well as
potentially amending their existing registration data.
3.3 Scope
This document focuses on the Transitional Registration Plan required for the markets which
are administered by EirGrid and SONI as Market Operators, EirGrid and SONI as NEMO2,
and EirGrid and SONI as Transmission System Operators. These markets are shown in
Figure 1 circled in red. A single ‘I-SEM Registration Team’ will be created to administer the
registration processes for these markets. The Forwards and Financial Transmission Rights
markets are planned to be administered by other organisations and are considered out of
scope for discussion in this document.3
1
The AoLR is technically a service provided by SEMO to facilitate renewable and smaller Units participation in the DAM/IDM
markets. For simplicity, when the term ‘market’ is used in this document it refers to both true markets i.e. Balancing, Capacity
and DAM/IDM, as well as the AoLR service.
2
For simplicity NEMO is used in this document to refer to both the Day Ahead and Intraday Markets (Auctions and Continuous)
as they are markets covered by the NEMO and for registration purposes are treated effectively as one.
3
However, the FTR market will was covered as part of the Registration Business Liaison Group scheduled for the 19th October
2016.
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Transitional Registration Plan
Figure 1: Markets and Registration Organisations
Registration activities involve the collection, validation and approval of registration data, and
other related supporting documentation, which are needed to run the market systems and
processes for DAM/IDM Trading, Balancing Market and Imbalance Settlement and the
Capacity Market, as well as the AoLR Service.
This document excludes from its scope other activities that are required for a successful GoLive which are covered by other TSO I-SEM Project work streams, including – but not limited
to – Market Readiness, Market Trial, and Cutover.
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Transitional Registration Plan
4. High Level (All Markets) Plan
4.1 Considerations
There are a number of considerations that have influenced the development of the
Transitional Registration Plan. Namely:
•
•
•
•
•
•
•
•
•
Multiple markets (Balancing, DAM, IDM, Capacity)
New services (AoLR)
Different organisations involved in provision of services ( SEMO, ECC, SEMOpx,
TSOs)
A revised entity model for the Balancing Market and different entity setups for
different markets
Registration data needing to be transitioned e.g. Balancing Market
New registration data required e.g. Capacity Auction, NEMO, AoLR, new unit types
Additional or new requirements e.g. Capacity qualification criteria
Existing agreements needing to be re-signed e.g. Framework Agreements
The Capacity Auction being prior to I-SEM Go-Live and near the start of Market Trial
These considerations mean that the transitional registration from SEM to I-SEM is not a
simple transfer of data between systems, but requires dedicated and concerted registration
plan and activities.
However, in achieving this transition, the Transitional Registration Plan aims to minimise the
repetition of the submission of data and make the registration process as efficient as
possible.
4.2 Principles
In preparing the Transitional Registration Plan there were a number of principles which were
considered. References to dates and activities in this section are outlined further in section
4.3.
4.2.1
Reuse of Registration Data
Where possible, information will not be asked repeatedly for each market. Any registrations
for additional markets should build on previously submitted information and not require
resubmission of the same information.
Where possible, the existing SEM data will be used as the basis for the I-SEM. Participants
will be required to confirm the accuracy of the data. This will help to reduce the registration
burden for Participants transitioning to the I-SEM.
4.2.2
Registration Data Ready prior to Mock Auctions/Market Trial
For the Capacity Market, the intention is to have the registration/qualification process
completed prior to the mock auctions to allow for more realistic mock auctions and also to
mitigate risks of delays in the first auction arising from registration data issues. For
Balancing, NEMO and AoLR, the goal is to have registration data ready for the Market Trial.
This will allow the Market Trial to be based on data that is as close to final registration data
as possible; allowing better quality trialling and less risk in the transition to Go-Live.
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Transitional Registration Plan
4.2.3
Submission Deadlines
Deadlines will be identified for the submission of registration information to ensure that the
relevant registration activities are completed in time for participation in the Market Trial
and/or Go-Live.
4.2.4
Market Trial will become Go-Live Systems
Once approved, the registration data used in the Market Trial will become the Go-Live
registration data. This will avoid the need for duplicate registration processes and mitigate
risks of associated with a different Go-Live set of systems, logins etc. to those used for the
Market Trial.
4.2.5
Formal Registration Approval after Market Trial (but prior to Auction/GoLive)
There will also be a need for ‘Final Registration Requirement’ activities e.g. collateral in
place, bank accounts confirmed. These must be in place prior to issuing Commencement
Notices (toward the end of Market Trial). These registration requirements are not necessary
for the start of Market Trial. This will reduce the registration requirements of Participants and
the I-SEM Registration Team in the lead up to the Mock Auctions and Market Trial, and will
prioritise the validation of registration data required for these Mock Auctions and the Market
Trial.
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Transitional Registration Plan
4.3 High Level Overview
The high level plan below provides a broad indication of the timings and the key Participant deadlines for the registration in the I-SEM Markets
Figure 2: I-SEM Transitional Registration (High Level Overview)
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Transitional Registration Plan
4.4 Key Dates
4.4.1
Transitional Registration Types
Three different types of registration approaches have been identified based on the status of
the Party, Participant and Units during the Transitional Registration Process. These three
types and the intended approach to each are provided below.
Registration Type
Existing SEM Participant
(In SEM already)
New SEM Participant
(Will be effective after
Submission Deadlines but prior
to I-SEM Go-Live)
New I-SEM Participant
(Not in SEM at all)
4.4.2
Registration Approach
• Transitional Registration Process applies
• Registration Data/Information by Submission
Deadlines
• Inclusion in Market Trial and for I-SEM Go-Live
• Enduring registration process applies
• Must meet SEM and I-SEM requirements to obtain
effective date (to avoid discontinuity in market
participation)
• Not guaranteed for inclusion in Market Trial4
• Will be included for Go-Live
• Must be cognisant of Registration Lockdown Period
• Enduring registration process applies
• Will be effective after I-SEM Go-Live
• Must be cognisant of Registration Lockdown Period
Submission Deadlines
The Transitional Registration Plan includes deadlines for the submission of registration
information to ensure that the relevant registration activities are completed in time for
participation in the Market Trial and/or Go-Live.
Any applications received after the submission dates will follow the enduring registration
process and, although reasonable endeavours will be taken, they cannot be assured of
registration to take part in the Market Trial nor be registered before the first Capacity Auction
or I-SEM Go-Live.
The following are the main submission deadlines for each market/service as defined further
in section 4.4.2.1. Registrations submitted after these dates will follow the enduring process
and are not guaranteed of being completed for Market Trial or Go-Live.
• 16th June 2017 for Balancing (for Units) (Market Trial)
• 7th August 2017 for NEMO (Market Trial)
• 28th July 2017 for Capacity Unit Participation in 2017/2018 Capacity Auction
• 1st September 2017 for AoLR
• 1st December 2017 for NEMO (Go-Live) – New Members (participation in Market
Trial not guaranteed)
4
New Participants are not guaranteed of being able to participate in the market trial. However,
reasonable endeavours will be made to include them at some point in the market trial.
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Transitional Registration Plan
4.4.2.1 Participant Submission Deadlines
The following table provides the key submission deadlines for Participants, as well as the
dates the relevant forms or data will be made available on the I-SEM website, or ECC’s
website for ECC forms.
Table 1: Participant Submission Deadlines
Submission
Market/Function
KYC Registration of
NEMO
Interest5
BAL Registration Data
Balancing
Draft Framework
Balancing
Agreements Submitted
Capacity
(unsigned)
BAL Supporting
Balancing
Information
Intermediary
Balancing
Applications (new
Capacity
intermediaries only)
[159]
TSC Framework
Balancing
Agreement Signed
Capacity
(Existing Parties)
CMC Framework
Balancing
Agreement Signed
Capacity
(Existing Parties)
CMC Unit Application
Capacity
NEMO SEMOpx
NEMO
Trading Application (for
Market Trial)
NEMO ECC KYC, New
NEMO(ECC)
Member, Existing
Member Document
Deadline (Market Trial)
SEMOpx Draft
NEMO
Framework Agreement
(SEMOpx)
Submitted (unsigned)
SEMOpx Framework
NEMO
Agreement Signed
(SEMOpx)
AOLR Application
AoLR
Market Trial Agreement
ALL
Signed
NEMO ECC KYC &
NEMO(ECC)
New Member Document
Deadline (Go-Live)
NEMO ECC Existing
NEMO(ECC)
Member Document
Deadline (Go-Live)
NEMO ECC Banking
NEMO(ECC)
Confirmation
Forms Available
n/a
Deadline Date
31/12/2017
18/11/2016
n/a
01/05/2017
15/05/2017
14/04/2017
16/06/2017
n/a
30/06/2017
14/04/2017
28/07/2017
14/04/2017
28/07/2017
14/04/2017
14/04/2017
28/07/2017
07/08/2017
28/02/2017
07/08/2017
01/09/2017
27/09/2017
01/09/2017
27/10/2017
01/09/2017
01/09/2017
27/10/2017
27/10/2017
28/02/2017
01/12/2017
28/02/2017
07/02/2018
14/04/2017
07/02/2018
5
The KYC registration of interest has been changed based on feedback from the Registration BLG. IT is now just a request to
contact the I-SEM registration team to confirm the party may have an interest in being part of the DAM/IDM markets. The full
KYC application form is not required until August 2017.
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4.4.3
Registration Lockdown Periods
Based on feedback from the Registration BLG in October 2017, a shortening of the
registration lockdown period has been made.
From mid-April 2018 to 2 weeks after Go-Live no structural entity changes will be allowed
e.g. new Parties, Participants, Units. This provides stability for the unscripted phase of
Market Trial, cutover and avoids the risks of changes impacting on the operation of the
market directly after Go-Live.
This is seen as prudent as major changes in registration data are, from experience, the most
common cause of production system issues.
4.4.4
Other Key Dates
In addition to key dates relating to Participants, there are also key dates that relate to I-SEM
Registration Team and Regulatory Authorities. These key dates are outlined below.
4.4.4.1 I-SEM Registration Team Key Dates
The key dates for the publication of information needed by Participants to register for the
different markets are shown in Table 2:
Numbers in [brackets] indicate references to the Level 2 I-SEM Programme Plan Milestones.
Table 2: I-SEM Registration Team Key Dates
Publication
Existing Entity Model Mapping to I-SEM
Application Forms Issued
Supporting Information Application Forms
Issued
Application Forms Issued
Draft Framework Agreements Issued
Auction Information Pack Issued
Application Forms Issued
Market Trial Agreement Issued
Draft Framework Agreements Issued
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Market/Function
Balancing
NEMO ECC
Balancing
Issue Date
18/11/2016
28/02/2017
14/04/2017
NEMO SEMOpx
Capacity
Balancing
Capacity
Capacity
AoLR
ALL
SEMOpx
14/04/2017
01/05/2017
03/07/2017
01/09/2017
01/09/2017
01/09/2017
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Transitional Registration Plan
4.4.4.3 Regulatory Key Dates
The key dates for the Regulatory Input or approvals are:
Table 3: Regulatory Key Dates
Activity
Capacity Parameters Decisions Published
[133]
TSC Approved
Approval of Intermediaries for TSC and
Capacity [162]
CMC Approved
Approval of Final Auction Parameters [165]
Approval of Final Auction Qualifications
[164]
4.4.5
Market/Function
Capacity
Issue Date
06/04/2017
Balancing
Balancing
Capacity
Capacity
Capacity
Capacity
15/03/2017
14/07/2017
02/06/2017
01/12/2017
01/12/2017
High Level Overview Narrative
The following narrative is provided with reference to Figure 2: I-SEM Transitional
Registration (High Level Overview) on page 10.
Go-Live Dates
The key Go-Live dates are:
a) Capacity Auction 15th December 2017
b) I-SEM Go-Live 23rd May 2018
The Capacity Auction occurs well before the official I-SEM Go-Live, at the start of the Market
Trial. This constrains when Framework Agreements (both Trading and Settlement Code
(TSC) and Capacity Market Code (CMC)) must be signed by, and when registration and
qualification activities must be completed for the CMC.
Interim Key Dates
There are three major interim key dates:
a) The approval of the CMC on 2nd June 2017
b) The approval of the TSC on 15th March 2017
c) The start of Market Trial on 1st December 2017
The Code approval dates impact on when official legal documentation (such as framework
agreements) can be signed.
The Market Trial start date impacts on when the registration data needs to be validated and
approved.
Sequential Registration Approach
The registration process is not a ‘one-off’ event, but a sequential process that builds on the
core Balancing Market registration, through to the NEMO and Capacity Market registrations,
and finally the AoLR Service registration.
The order of these registration submissions is based on the need to revise and update the
core Balancing Market Unit information prior to using these Units in the DAM/IDM and
Capacity Market. It also aligns with the timeline for the relevant market rule approvals,
following which Participants will be able to consider their participation in the relevant markets
and registration data requirements are confirmed.
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Transitional Registration Plan
This approach also distributes the workload for Participants and the I-SEM Registration
Team more evenly over the time available, rather than requiring significant sets of
registration applications to be submitted all at once. This will help to avoid the need to
resubmit registrations where rules and data requirements change.
The blue arrows in Figure 2 indicate how the information from one registration process feeds
into the next, particularly for the Capacity Auction and Market Trial.
Mapping of Existing Data
The I-SEM Registration Team will extract the existing Balancing registration data, map it to
the new I-SEM entity model, identify any new data needed, and provide this data to
Participants in mid-Nov 2016 for validation. This allows the months of November-April (prior
to the submission deadline at the start of May 2017) for Participants to obtain the additional
data required and discuss any of their core entity setup requirements (i.e. Party, Participant,
Units) with the I-SEM Registration Team and Regulators (if necessary). This approach also
means that the bulk of the data required for registration is validated and approved as early
as possible.
Supporting Application Forms
In April 2017, the I-SEM Registration Team will issue the supporting application forms
required for the Balancing, NEMO SEMOpx and Capacity Market. These application forms
will outline the information required to meet the registration and qualification criteria for these
markets, providing plenty of time ahead of submission deadlines to collect information. The
AoLR application forms will be provided later, in late May 2017. The NEMO ECC forms
application forms will be available from the end of February 2017.
Code Approvals
The timing of many activities and approvals is highly dependent on the approval of the
relevant Codes. This means that some activities can only be completed after the Codes
come into force e.g. signing Framework Agreements.
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Transitional Registration Plan
Framework Agreements
Parties must accede to the CMC separately to the TSC as these are agreements with
different entities (i.e. TSO for CMC and MO for TSC). Therefore, Parties will be required to
sign an updated CMC Framework Agreement by the 28th July 2017. In addition, there are
changes to the TSC Framework Agreement proposed, which means that Parties will be
required to sign the new TSC Framework Agreement by the 28th July 2017 as well. The
timing of the TSC Framework Agreement has been changed to align with the CMC, in order
to make the process as efficient as possible.
The intention is that existing Parties to the TSC, as well as new Parties who are ready, will
sign the two new Framework Agreements, with any new Parties signing up after the
Framework Agreement signing to follow the enduring accession process.
These Framework Agreements cannot be signed until the Code is approved.
A separate Framework Agreement will also need to be signed with SEMOpx in order to
participate in the NEMO markets.
NEMO Markets
This plan relates to registration with the SONI and EirGrid NEMO, namely SEMOpx. While
the other registration processes covered by this plan relate to monopoly activities, NEMO
Services are open to competition. At present, SONI and EirGrid are the only providers
designated to offer these services in the I-SEM. These designations are based on SONI and
EirGrid jointly delivering this service. In the absence of competition, this transitional
registration plan aims to minimise the administrative burden on Participants. This plan will be
reviewed6 if another NEMO is designated by UR and CER, or if a NEMO active in other
markets passports into the I-SEM during the transition period. The NEMO markets are
different to the other markets in that a high proportion of the registration process involves
interaction and meeting registration requirements with ECC7.
ECC advise that, given the number of Participants and the newness of the I-SEM, this
process will take a considerable number of months. It involves Participants being able to
meet ECC’s “Know Your Customer” criteria and also negotiate agreements with Settlement
Banks/Clearing Member. Hence, these activities are shown as starting early but will end
later than most of the other registration processes.
In addition, ECC have defined a deadline for applications of early August 2017 if Participants
wish to be ready for inclusion in the Market Trial (with the exception of banking agreements
being in place).Based on participant feedback a later deadline has been added of early
February 2018 for confirmation of banking agreements with a Clearing Member or
Settlement Bank.
It has been determined that participants will need to sign up to the SEMOpx rules using a
similar legal instrument to the TSC and CMC. Namely signing of a Framework Agreement.
Timelines are Sept/Oct 2017
6
This review will ensure that all NEMOs are operating on a level playing field, as required by CACM
ECC (European Commodity Clearing) is the organisation that will provide the clearing house services for the DAM/IDM. This
includes settlement and clearing of the completed trades.
7
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AoLR Registration
The AoLR registration process dovetails with the NEMO registration process, as it is a
prerequisite that Participants have their NEMO registration in place prior to the AoLR
Service. Given this, AoLR registration, which should be fairly light in terms of content, will
commence later in the timeline.
Capacity Registration
The Capacity Market registration is dependent on the registration setup of the Parties,
Participants and Units will have in the Balancing Market, especially for the first T-1 Capacity
Auction planned for December 2017. Therefore, the submission deadlines for the Capacity
Market are later than those of the Balancing Market. As this is a new type of market involving
an auction, it is anticipated Participants may take time to consider how they wish to
approach this market.
Generators8 will need to register their Units for the Capacity Market. Both Suppliers and
Generators will need to sign the CMC Framework Agreement.
Market Trial Registration
In order to participate in the Market Trial a Party must sign the Market Trial Agreement. This
is a formal agreement setting out the basis for the conduct of, and their participation in, the
Market Trial. The deadline for completion of this activity in order to ensure inclusion in the
Market Trial is the 27th October 2017.
Final Registration Requirements
There are a number of registration requirements that are not needed for the Market Trial, but
are needed ahead of the actual Go-Live. These include the posting of collateral,
amendments to bank accounts etc. The Transitional Registration Plan Overview in Figure 2
includes these as part of the ‘Final Registration Requirements’ activity. Commencement
Notices will be issued in the last month of the Market Trial, once all final registration
requirements have been met. This timing distributes the Transitional Registration activities,
making them more manageable for Participants and the I-SEM Registration Team. It also
eliminates the associated costs of having collateral in place too early.
Registration Lockdown
Based on feedback from the Registration BLG in October 2017, a shortening of the
registration lockdown period has been proposed.
The Transitional Registration Plan also includes a Registration Lock Down period. During
this period, which starts toward the end of Market Trial and continues until after Go-Live,
there will be no significant registration changes allowed in order to mitigate risks around the
entry of new or changed registration data. Further details on this are provided in section
Error! Reference source not found..
8
Generators in this context refers to Generators, DSUs and Interconnectors
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Transitional Registration Plan
5. Detailed (All Markets) Plan
The Detailed (All Markets) Plan in Figure 3 below provides an in depth look at the overall ISEM transitional registration timeline and the interdependencies between the registration
processes for each market.
The Detailed (All Markets) Plan includes lower level milestones and detail on the activities
required. It also includes differentiation of the activities based on the owner e.g. Participants,
I-SEM Registration Team, ECC etc.
A narrative has not been provided with the Detailed (All Markets) Plan as this is covered by
the narratives under each market Transitional Registration Plan provided in Section 6 “Plans
by Market/Service”, and is not repeated here.
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Transitional Registration Plan
Figure 3: I-SEM Transitional Registration Plan (All Markets - Detailed)
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Transitional Registration Plan
5.1 Assumptions
The following sections outline the key assumptions which the Transitional Registration Plan
is based on.
5.1.1
General

The CMC will be approved by 2nd June 2017.

The TSC will be approved by the 15th March 2017.

The signing of Framework Agreements cannot occur before the relevant Code comes
into effect.

Existing Parties to the TSC will need to re-accede to the TSC by signing the new
Framework Agreement. Validation of these re-accessions will require review of the
legal status of the Party and confirmation of the validity of the signatories to the
Framework Agreement.

The Market Trial systems will transition directly into the Go-Live production systems.
Therefore, registration data setup in the Market Trial system will become the
production registration data.

All parameters required by the Regulators or other sources will be available before
the application deadline.

There will be no explicit fees related to the registration of Parties and Units for the
Capacity and Balancing Markets for existing SEM Participants who complete
applications in line with the registration submission deadlines.

Collateral will need to be provided separately for the NEMO markets, and the
Balancing/Capacity markets.
5.1.2
Balancing Market

Existing Parties to the TSC will need to resign a Framework Agreement.

Approximately 104 Parties and 390 Units will need to go through the registration
process.

The submission deadline for Balancing Market supporting information is the 16th June
2017. Registrations submitted after this date will follow the enduring process and are
not guaranteed to be completed for Market Trial or Go-Live.

Participants will need to setup new collateral accounts and letters of credit for the ISEM Balancing/Capacity collateral requirements due to different trust arrangements
to the SEM.
5.1.3

NEMO
I-SEM Registration will deal with the NEMO Exchange9 registration and the collection
and validation of initial registration forms for the registration with the central
counterparty, ECC. However, Participants will deal directly with ECC for the
completion of registration with ECC and Clearing Members/Settlement Banks.
9
The NEMO consists of both the trading exchange (SEMOpx) and the central counterparty (ECC). In addition the SEMOpx
utilises the services of EPEX to provide and operate the DAM/IDM trading systems .
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
Registration fees for the NEMO are likely to apply in the transition to I-SEM and
Participants will need to pay these as part of the registration requirements (potentially
as part of their first fee invoice after Go-Live).

Parties will need to sign a SEMOpx Framework Agreement as part of the registration
for the NEMO markets.
5.1.4
AoLR

Registration fees for AoLR are likely to apply in the transition to I-SEM and
Participants will need to pay these as part of the registration requirements (potentially
as part of their first fee invoice after Go-Live).

The AoLR will use the EirGrid and SONI NEMO for trading. Therefore, Participants
wanting to use this service must be registered with SEMOpx.

The submission deadline for AoLR applications is the 27th October 2017.
Registrations submitted after this date will follow enduring process and are not
guaranteed of being completed for Market Trial or Go-Live.
5.1.5
Capacity

The signing of the CMC Framework Agreement can be completed at the same time
as the TSC to minimise workload for Participants.

Suppliers, Generators and Interconnectors will need to sign the Framework
Agreement prior to the First Auction.

The first auction will be a T-110 auction only, for capacity related to the May 2018 to
Sept 2019 period11. Only capacity that is existing or will be commissioned before May
2018 will be qualified to register.

Subsequent T-1, T-2, T-3, T-4 auctions will not be scheduled until Q1 2018.
Therefore, registration and qualification activities for these auctions will not occur
until Q4 2017 at the earliest.

New Capacity applications for the first CMC auction will be minimal. It is assumed
that most of the applicants will have Units that are already effective in the market.

All parameters required for submission by Participants will be consulted on, agreed
and available before the Qualification Application Deadline.

The deadline for Capacity Market Qualification for the T-1 2018 auction is the 28th
July 2017. Applications submitted after this date will not be included in the T-1 2018
auction.
10
T-1 refers to the Capacity Auction held the year before the actual Capacity Auction Year e.g. T-1 auction held
for the Capacity Auction Year Sept 2018 to Sept 2019.
11
It is has been confirmed that an extended Capacity Year for the first auction May 2018 – Sept 2019 (ie. 16
months) will be used.
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5.2 Principles
The Transitional Registration Plan is based on the following principles.

A common I-SEM Registration Team will be created by the TSO’s I-SEM Project to
manage the registration process for all of the following markets/functions: Capacity;
Balancing; NEMO; and AoLR.

In the interests of efficiency, there will be no requirement to separate out the NEMO
registration process from the other markets12(unless another NEMO becomes active
in the market). ECC will have their own registration process for the registration with
the central counterparty.

EirGrid and SONI, acting as MO or TSO, will facilitate the registration of customers to
other NEMOs without undue discrimination. Where a Participant wishes to register
with another NEMO who becomes active in the I-SEM (either before Go-Live or later)
the data that are common across market timeframes will be provided, on request, in
a suitable format by SONI or EirGrid to that Participant to facilitate their registration
with the other NEMO. EirGrid/SONI will not seek to take competitive advantage of a
monopoly role as Balancing Market operator.
12
The costs associated with NEMO registration will be captured separately and will be recovered through future NEMO
charges, as required by CACM
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Transitional Registration Plan
6. Plans by Market/Service
The following sections provide detailed Transitional Registration Plans for each market.
These ‘by market’ plans will be useful for determining the exact timing and series of steps
that need to be performed by the Stakeholders.
6.1 Balancing Market
The following provides a Transitional Registration Plan focusing on the Balancing Market.
6.1.1
Key Dates
The key dates for the Balancing Market registration process are:
Table 4: Balancing Market Key Dates
Key Date
19/10/2016
18/11/2016
29/11/2017
15/03/2017
14/04/2017
01/05/2017
01/05/2017
15/05/2017
06/06/2017
16/06/2017
30/06/2017
28/07/2017
28/07/2017
01/12/2017
23/05/2018
Title
Business Liaison Group on I-SEM Registration
I-SEM Registration Team provides existing registration
data, proposals for adjustments to meet new entity
model, and additional fields need to complete
registration.
BLG on validating Balancing Registration Data
TSC Code Approved [68]
I-SEM Registration Team issue registration supporting
information application forms
Registration Data Submission Deadline
Draft Framework Agreements Issued for review
Draft Framework Agreements Submitted (unsigned)
Draft Framework Agreement Issued for signing
Registration Supporting Information Submission
Deadline [161]
New Intermediary Applications Deadline (to RAs) [159]
TSC Framework Agreement Signed
Intermediary Confirmation Submission Deadline
Market Trial Start [85]
Go-Live [250]
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6.1.2
Balancing Plan
The timelines and key milestones for the Transitional Balancing Market Plan are shown in Figure 4.
Figure 4: Balancing Market Plan
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6.1.3
Balancing Plan Narrative
Mapping of Existing Data
The I-SEM Registration Team will extract the existing Balancing registration data, map it to
the new I-SEM entity model, identifying any new data needed, and provide this to
Participants mid-Nov 2016 for validation. This allows the months of Nov to April - prior to the
submission deadline at the start of May 2017 - for Participants to obtain the additional data
required and discuss any of their core entity setup (i.e. Party, Participant, Units) with the ISEM Registration Team and Regulators. This approach also means that the bulk of the data
required for registration is validated and approved as early as possible.
Supporting Application Forms
In mid-April 2017 the I-SEM Registration Team will issue the supporting application forms
required for the Balancing, SEMOpx and Capacity Market. The AoLR application forms will
be available later, at the end of May. These application forms will outline the information
required to meet the registration and qualification criteria for these markets, providing plenty
of time ahead of submission deadlines to collect this information and submit it.
Submission of Registration Data
Participants will be required to review and submit their updated registration data (as provided
in Nov 2016) by the 1st May 2017. This will allow the I-SEM Registration Team and related
Parties (MDPs, TSOs, and DSOs) to validate and approve the data for Market Trial and as
the basis for the Capacity and NEMO registrations.
Trading and Settlement Code Approval
The TSC is planned to be approved on the 15th March 2017. This date is critical as there are
a number of registration activities, including signing of Framework Agreements, which are
dependent on the TSC being approved.
Framework Agreements
Based on the assumption that existing Parties and new Parties who are ready will be able to
sign a revised TSC Framework Agreement, the deadline for signing the TSC Framework
Agreement is revised to 28th July 2017: Four and a half months after the TSC is approved.
The Framework Agreement signing process involves SEMO issuing draft Framework
Agreements for review by the 1st May 2017, Parties reviewing and confirming these draft
agreements by the 15th May 2017, SEMO issuing the final Framework Agreements for
signing by the 6thJune, Parties then signing and returning the Framework Agreements by
the 28th July 2017.
These timelines coincide with the CMC Framework Agreement signing process for
efficiency.
Any Parties, who do not meet the Framework Agreement signing deadline, will need to
follow the enduring formal accession process for the TSC.
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Supporting Information Deadlines
Where documentation is required from the Participant to verify any data submission they
have made this supporting information will need to be submitted by the 16th June 2017 to
ensure approval of the registration data ahead of the 30st June 2017 milestone.
Intermediary Approvals
In accordance with the Regulatory Authorities decision “SEM-17-25 Intermediary Transitions
to I-SEM Decision” where existing intermediary arrangements are to be maintained for the ISEM the licensed Generator and their associated Intermediary need to submit a new Form
of Authority along with a copy of the “old” regulatory consent to SEMO as part of their
Balancing and Capacity market registration.
For licensed Generators who are entering into arrangement with a new intermediary for ISEM they will need to submit a new Form of Authority and application for intermediary
approval to the Regulatory Authorities by the 30th June 2017.
The Regulatory Authorities will then confirm their approval, or otherwise, of the intermediary
arrangement by the 14th July 2017 ahead of the TSC and CMC intermediary confirmation
deadline of the 28th July 2017.
Final Registration Requirements
Although the intention is to complete the majority of registration requirements prior to the
Market Trial, there will be registration requirements which will not be required until closer to
the Go-Live. e.g. submission of collateral. The Final Registration Requirements will be dealt
with during the Market Trial and completed prior to issuing a Commencement Notice13.
Changes in Registration Data during Market Trial
Once Market Trial starts, the intention is that any changes to registration data should follow
the enduring registration change processes. This will serve two purposes:
1) Ensuring a controlled and orderly modification of registration data prior to Go-Live.
2) Exercising these enduring processes as part of the Market Trial.
13
A Commencement Notice is issued by the Market Operator to a Participant officially confirming that a Unit has
met all pre-requisites and can trade in the I-SEM from the effective date specified in the Notice.
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Transitional Registration Plan
6.2 NEMO Market
This section provides a transitional registration plan focusing on the EirGrid and SONI
NEMO market.
6.2.1
Key Dates
The key dates for the NEMO market registration process are outlined in Table 5.
Table 5: NEMO Market Key Dates
Key Date
19/10/2016
19/10/2016
31/12/2016
28/02/2017
14/04/2017
07/08/2017
07/08/2017
01/09/2017
15/09/2017
29/09/2017
27/10/2017
01/12/2017
01/12/2017
01/12/2017
07/02/2018
07/02/2018
23/05/2018
Title
Business Liaison Group on I-SEM Registration
NEMO (ECC) KYC Form Available
Deadline for KYC registration of interest
ECC Application Forms Available
SEMOpx Application Forms Available
SEMOpx Application Deadline (for inclusion in Market
Trial) [11]
ECC KYC, New Member Application, Existing Member
Application Deadline (for Market Trial) [11]
Draft Framework Agreements Issued for review
Draft Framework Agreements Submitted (unsigned)
Draft Framework Agreement Issued for signing
SEMOpx Framework Agreement Signed
KYC Documentation Deadline (for Go-Live)
New Member Application Deadline (for Go-Live)
Market Trial Start
NEMO ECC Banking Confirmation Deadline
Existing Member Application Deadline (for Go-Live) [85]
Go-Live [250]
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6.2.2
NEMO Plan
The timelines and key milestones for the Transitional NEMO Market Plan are shown in Figure 5.
Figure 5: NEMO Market Plan
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6.2.3
NEMO Plan Narrative
The NEMO registration process involves not only the I-SEM Registration Team for the
SEMOpx registration, but also ECC for the clearing house service. The ECC registration
process is the most involved due to the need for Participants to complete “Know Your
Customer” processing to ensure they meet ECC’s membership criteria. In addition, there are
a number of agreements with Clearing Members or Settlement Banks that must be signed as
part of the on-boarding process.
6.2.3.1 NEMO Trading
SEMOpx Registration
The application deadline for registering for SEMOpx is the 7th August 2017. This will allow
sufficient processing time to enable Participants to take part in the trading activities on the
NEMO markets as part of Market Trial. The I-SEM Registration Team will collect and
approve the SEMOpx applications. This information will be provided to EPEX for setup of the
trading system.
SEMOpx Trading Rules
Parties will need to sign a SEMOpx Framework Agreement as part of the registration for the
NEMO markets.
The SEMOpx Trading Rules are not planned to be finalised until 26th May 2017. Therefore,
the signing up to these rules will not occur until after these rules and the associated
SEMOpx Framework Agreement are finalised.
The SEMOpx Framework Agreement signing process involves SEMOpx issuing draft
Framework Agreements for review by the 1st September 2017, Parties reviewing and
confirming these draft agreements by the 15th September 2017, SEMOpx issuing the final
Framework Agreements for signing by the 29th September 2017, Parties then signing and
returning the SEMOpx Framework Agreements by the 27th October2017.
6.2.3.2 ECC
The timelines shown for the ECC registration process are very broad in the NEMO plan. This
is due to ECC’s rigorous process and the required time to complete checks and approvals.
Participants have been introduced to the registration process for ECC through the NEMO
Business Liaison Group.
Participation in Market Trial
ECC require Participants to have submitted registration applications by the 7th August 2017
in order to ensure they can be processed for the start of Market Trial. Applicants after this
date may not be able to take part in the Market Trial, or (if time allows) would need to enter
later than the start of Market Trial.
Deadlines for Go-Live Registration
ECC have also provided deadline dates for applications in order to meet the Go-Live
timeframes. These deadlines are different for new and existing ECC members: 1st December
2017 and 7th February 2018 respectively.
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Transitional Registration Plan
Confirmation of Clearing Bank Agreements
As part of the registration with ECC, Parties must decide which clearing option they wish to
use, either Non-Clearing Member (NCM) or Direct Clearing Participant (DCP). Parties must
enter into an agreement with a Clearing Member or Settlement Bank respectively related to
the clearing option. ECC have confirmed that this confirmation is required by the 7th
February 2018 to allow Parties to participate in both the Market Trial and Go-Live.
The 7th February 2018 is also the last date that a Participant can change their clearing option
before the I-SEM Go-Live and be guaranteed inclusion.
ECC Registration Deadlines
The table below provides details of the deadlines for submission of ECC forms and Banking
Confirmations dependent on a) whether the Party is new to ECC or an existing member, and
b) whether the Party wants to participate in Market Trial or not.
Table 6: ECC Registration Deadlines
6.2.3.3 Both NEMO Trading and ECC
Final Registration Requirements
Although the intention is to complete as many of the registration requirements as possible
prior to the Market Trial, some registration requirements will not need to be met until closer
to the Go-Live. For example, submission of collateral etc. These requirements will be
processed during the Market Trial period, ahead of the issuing of a Commencement Notice.
Changes in Registration Data during Market Trial
Once Market Trial starts, any changes in registration data will follow the enduring registration
change processes. This will serve two purposes:
1) Testing these enduring processes as part of the Market Trial.
2) Ensuring a controlled and orderly modification of registration data prior to Go-Live.
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Transitional Registration Plan
6.3 AoLR Service
This section provides a Transitional Registration Plan focusing on the AoLR Service.
6.3.1
Key Dates
The key dates for the AoLR registration process are listed in the table below:
Table 7: AoLR Service Key Dates
Key Date
01/09/2017
27/10/2017
30/11/2017
01/12/2017
Title
Publish AoLR registration applications forms
AoLR Application Deadline
AoLR Applications Complete
Market Trial Start [85]
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6.3.2
AoLR Plan
The timelines and key milestones for the Transitional AoLR Service registration process are shown in Figure 6.
Figure 6: AoLR Service Plan
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6.3.3
AoLR Plan Narrative
AoLR Application Submission Deadline
The application for the AoLR Service requires the Participant to have completed, or at least
started, the application process with the NEMO (both the SEMOpx and ECC). Therefore, the
AoLR applications can afford to be received later in the registration process while still being
able to be processed by the Market Trial start.
Final Registration Requirements
While the AoLR application must contain the relevant information to setup the AoLR Service
in the market systems, there may be other requirements which can be completed during the
Market Trial.
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Transitional Registration Plan
6.4 Capacity Market
This section provides a Transitional Registration Plan focusing on the Capacity Market.
6.4.1
Key Dates
The key dates for the Capacity Market transitional registration process are listed in the table
below:
Table 8: Capacity Market Key Dates
Key Date
19/10/2016
27/02/2017
14/04/2017
01/05/2017
15/05/2017
02/06/2017
06/06/2017
30/06/2017
03/07/2017
14/07/2017
28/07/2017
28/07/2017
01/12/2017
04/12/2017
15/12/2017
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Title
Business Liaison Group on I-SEM Registration
RA approval of Capacity parameters
I-SEM Registration Team issue
registration/qualification application forms
Draft Framework Agreements Issued for review
Draft Framework Agreements Submitted
(unsigned)
CMC Code Approved
Draft Framework Agreement Issued for signing
New Intermediary Applications Deadline (to RAs)
[159]
Auction Information Pack issued
Opt-Out Notification Deadlines
CMC Framework Agreement Signed
Unit Qualification Application Deadline [33]
(including confirmation of intermediary)
Final Qualification Results Approved [165]
Capacity Mock Auction [182]
T-1 Auction for 2018 [36]
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Transitional Registration Plan
6.4.2
Capacity Plan
The timelines and key milestones for the Transitional Capacity Market Plan are shown in Figure 7.
Figure 7: Capacity Market Plan
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Transitional Registration Plan
6.4.3
Capacity Plan Narrative
Parameter Decisions
There are a number of parameter decisions that are needed as input to the Capacity
registration/qualification process, including Locational Issues, Derating and Capacity
requirements, Allowable Tolerances, New Capacity Invest Rate Threshold, Stop Loss Limits,
Value and Timing of Performance Bonds, Administered Scarcity Price, etc. Some of these
decisions are relevant to the submission of Unit qualification/registration data by
Participants. In cases where Participants wish to use different values to those defined in the
RA decisions, they will need to have these exemptions submitted to the Regulatory
Authorities by the 28th July 2017, with decisions on exemptions providing by the 6th October
2017 in time for the publication of the Provisional Qualification Results.
Framework Agreements
Based on the assumption that existing Parties and new Parties who are ready will sign the
Capacity Framework Agreement, the deadline for signing is planned for 28th July 2017: Two
months after the CMC is approved.
The Framework Agreement signing process involves SEMO issuing draft Framework
Agreements for review by the 1st May 2017, Parties reviewing and confirming these draft
agreements by the 15th May 2017, SEMO issuing the final Framework Agreements for
signing by the 6th June, Parties then signing and returning the Framework Agreements by
the 28th July 2017.
These timelines coincide with the TSC Framework Agreement signing process for efficiency.
Any Parties, who do not meet the Framework Agreement signing deadline, will need to
follow the enduring formal accession process for the CMC. If the Framework Agreement is
not signed they will not be able to qualify Units for the first Capacity Auction.
Intermediary Approvals
In accordance with the Regulatory Authorities decision “SEM-17-25 Intermediary Transitions
to I-SEM Decision” where existing intermediary arrangements are to be maintained for the ISEM the licensed Generator and their associated Intermediary need to submit a new Form
of Authority along with a copy of the “old” regulatory consent to SEMO as part of their
Balancing and Capacity market registration.
For licensed Generators who are entering into arrangement with a new intermediary for ISEM they will need to submit a new Form of Authority and application for intermediary
approval to the Regulatory Authorities by the 30th June 2017.
The Regulatory Authorities will then confirm their approval, or otherwise, of the intermediary
arrangement by the 14th July 2017 ahead of the TSC and CMC intermediary confirmation
deadline of the 28th July 2017.
Submission of Unit Registration/Qualification
Formal Unit qualification/registration applications are due by 28th July 2017, to allow
processing of these applications in sufficient time before the first auction.
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Transitional Registration Plan
Formal Qualification
Although the formal qualification process is expected to be performed on existing Units, this
will be the first time the process has been performed and it is anticipated that there will be
certain registration/qualification details that will need to be resolved The
registration/qualification process will be performed on 300+ Units.
Monitoring and Approvals
The Capacity Transitional Registration Plan includes a number of inter-dependent dates
around provisional qualification results, review by an Auction Monitor, and Regulatory/SEMC
approvals of both provision and final results. These dates are predominantly over the
October-November period.
The qualification process needs to allow for a review and resolution period where
Participants can request a review of the qualification results. This time must be factored into
the registration timelines. The number of such reviews are expected to be low, enabling
approved results to be published earlier. However, the timelines must allow for a full review
process.
Mock Auctions
Current plans are to include a mock auction ahead of the first T-1 Auction. There will be work
involved in setting up the auction data based on the registered and qualified Units.
Qualification Process for Next Auction
There is an expectation that ‘catch up’ auctions will be required to ensure T-4, and perhaps
T-3/T-2, auctions are completed ahead of the respective auction years. Although auction
timelines are to be confirmed, it is likely that the preparation and qualification processes will
start in late 2017/early 2018. Therefore, these activities have been shown the Capacity Plan
starting from the T-1 Auction in December 2017.
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7. Registration Fees
The following table outlines the methods by which the Transitional Registration costs are to
be recovered.
Table 9: Registration Fees
Market/Service
Balancing
Capacity
NEMO
AoLR
Approach
No transitional registration fee, costs socialised in MO
charges 2018/2019
No transitional registration fee, costs socialised in MO or
TSO charges 2018/2019
Individual registration fee (dependent on final fee structure)
Individual registration fee (dependent on final fee structure)
The Balancing and Capacity Market arrangements will apply to Parties and Units who are in
the SEM already, or will be effective in the SEM before the I-SEM Go-Live, and therefore
would have paid registration fees under the existing arrangements. Parties or Units who plan
to become effective after the I-SEM Go-Live date will be charged an explicit registration fee
based on the approved registration fee structure. If this approved fee structure is not
available at the time of a new Party/Unit’s application, then the transitional arrangements will
apply for fees. The rationale for this approach is that a Participant should only pay one set of
registration fees.
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8. Further Information
Any further enquires on the Transitional Registration Plan should be directed to the TSO’s ISEM Project
Email: [email protected]
Information on the Transitional Registration will be made available from the TSO’s I-SEM
Project website.
Web: http://www.sem-o.com/isem/Pages/Home.aspx
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