Irish electricity: directed contracts decision and consultation

CER/Ofreg decision (31 pages, PDF) on the price and form of the directed contracts to be offered by NIE PPB and ESB Generation, and consultation on their allocation to suppliers.

The contracts are to be one-way (purchase option) and two-way (firm) contracts for differences with a fixed strike price based on a model of hypothetical market prices. "Suppliers will be able to choose which type of contract to take up. Contracts will be priced so that one-way and two-way contracts are equivalent on an a priori basis."

For further information or advice please contact Franck Latrémolière.

Filed under CER, Electricity, Ofreg.

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