This report was published by Ireland’s SEM Committee alongside its consultation on 22 December 2015.
The report proposes a detailed auction design for system services (such as reserve), based on the high-level framework previously set out by the SEM Committee. The report provides recommendations in relation to the contractual obligations imposed on winning bidders, the payment basis for winning and losing bidders who provide system services to the TSO, the specification of the TSO’s volume requirement, the bidding parameters available to bidders, the determination of winners and prices, and the treatment of short- and long-term contracts. The proposed auction design takes into account the potential interaction between the system services auction and other markets (namely the capacity market, the energy market and the balancing mechanism).
The report is available to download here and can also be accessed from the SEM Committee website.