Decision on Modifications to Moyle Interconnector Transmission Licence necessitated by the implementation of the I-SEM
| Year | 2018 |
| Published date | 23 March 2018 |
| Energy Sector | Electricity wholesale |
Decision on Modifications to Moyle
Interconnector Transmission Licence,
necessitated by the implementation of
the Integrated Single Electricity Market
(I-SEM)
Decision Paper
23 March 2018
About the Utility Regulator
The Utility Regulator is the independent non-ministerial government department
responsible for regulating Northern Ireland’s electricity, gas, water and sewerage
industries, to promote the short and long-term interests of consumers.
We are not a policy-making department of government, but we make sure that the
energy and water utility industries in Northern Ireland are regulated and developed
within ministerial policy as set out in our statutory duties.
We are governed by a Board of Directors and are accountable to the Northern Ireland
Assembly through financial and annual reporting obligations.
We are based at Queens House in the centre of Belfast. The Chief Executive leads a
management team of directors representing each of the key functional areas in the
organisation: Corporate Affairs; Electricity; Gas; Retail and Social; and Water. The staff
team includes economists, engineers, accountants, utility specialists, legal advisors and
administration professionals.
Value and sustainability in energy and water.
We will make a difference for consumers by
listening, innovating and leading.
Our Mission
Be a best practice
regulator: transparent, consistent, proportional,
accountable,
and
targeted.
Be a united
team.
Be
collaborative
and
co-operative.
Be
professional.
Listen and
explain.
Make a
difference.
Act with
integrity
.
Our Vision
Our Values
4
Abstract
Audience
Consumer impact
In order to give effect to the Integrated Single Electricity Market (I-SEM), as contained
in decisions of the SEM Committee, the Utility Regulator (UR) published a
consultation on proposed licence modifications to the Moyle Interconnector
Transmission Licence. These licence modifications formed part of a broader
framework of regulatory changes required to implement the I-SEM.
The modifications were consulted on and related to a range of conditions contained
within the Moyle Interconnector Transmission Licence. This Decision Paper follows on
from the consultation and, with all representations having been given due
consideration, the UR has determined that a small number of additional modifications
will be included. These comprise the removal of the definition of Financial
Transmission Rights (with the broader definition of Long Term Transmission Rights
remaining); an amended definition of the Harmonised Allocation Rules to remove the
reference to Article 52 of the FCA Regulation; and an explicit reference to the GB
Capacity Market as a revenue stream.
The licence will now be updated accordingly to reflect the modifications and published
on the Utility Regulator’s website.
This Decision Paper will be of interest to the Moyle Interconnector Transmission
Licence holder as well as Transmission System Operators (TSOs), Market
Participants and other industry and statutory bodies. A similar licence modification
process has been conducted by the Commission for Regulation of Utilities (CRU) in
parallel for EirGrid Interconnector Designated Activity Company, the operator of the
East West Interconnector.
These modifications are necessitated by the implementation of the Integrated Single
Electricity Market (I-SEM). Through the integration of the all-island electricity market
with the European electricity markets, I-SEM is expected to deliver increased levels of
competition which should help put a downward pressure on prices as well as
encourage greater levels of security of supply and transparency.
To continue reading
Request your trial