SEM Capacity Remuneration Mechanism
operational
Forward capacity auctions award de-rated capacity obligations; capacity providers face reliability-option difference payments when the reference price exceeds the strike price.
T-4 and supplementary T-1 auctions with locational constraints and auction price caps
- Unit of obligation
- provide capacity during scarcity and meet reliability-option/availability obligations
- Auction held in 2025
- Yes () — Dated from the day the auction ran.
DS3 System Services pay for operational capabilities and are separate from adequacy capacity.
EUR/MW-year in Ireland and GBP-equivalent settlement in Northern Ireland