Security cover in the single Irish electricity market

CER/NIAER consultation (11 pages, PDF) on credit cover requirements in the future Irish gross electricity pool. The paper proposes that credit ratings should not be accepted, that all credit should be backed by cash deposits or letters of credit, but that bilateral contracts might be taken into account in assessing exposure. The paper also touches on other settlement issues, including the choice of currency and the settlement and reconciliation timetable. Responses by Friday 26 August 2005.

For further information or advice please contact Franck Latrémolière.

Filed under CER, Electricity, Ofreg.

Reckon LLP is an economics consultancy with expertise in data analysis, economic regulation and competition law.

About Reckon