CRM: Public consultation on the scenarios, sensitivities and data for the CRM parameter calculation for the Y-4 Auction for Delivery Period 2025-2026

Topic

Public consultation on the scenarios, sensitivities and data for the CRM parameter calculation for the Y-4 Auction for Delivery Period 2025-2026 related to the Capacity Remuneration Mechanism (CRM).

Context

In the framework of Y-4 auction for 2025-2026 delivery period of the CRM, Elia organizes a public consultation on scenarios, sensitivities and data. This public consultation takes place in the framework of the preliminary draft of Royal Decree laying down the method for calculating the required capacity volume and the parameters necessary for the organisation of the auctions within the framework of the capacity compensation mechanism, proposed and published by FPS Economy :

Article 6, §2 of the proposed Royal Decree sets out the subjects submitted for public consultation, namely:

  • the update of data and assumptions regarding the scenario(s), as well as any potentially selected sensitivities;
  • the relevance of the sensitivities, including the data and assumptions on the basis of which they were established;
  • the type of additional capacity;
  • the public sources of the scenarios for the years subsequent to the year of delivery from which the input data are used to calculate inframarginal rents;
  • the shortlist of existing technologies that will be reasonably available and which are eligible for the determination of the intermediate price cap.

Period

This public consultation aims to receive any comments from market participants and relevant stakeholders. It will last for a 1 month period as defined in article 6, §1 of the proposed Royal Decree. The consultation period is set from Tuesday 5 May to Friday 5 June 2020, 6:00pm.

The public consultation consists of an Excel file, containing all the data and assumptions required by the proposed Royal Decree, an explanatory nota in PDF format and the study carried out by external consultant Fichtner, to support the determination of the parameters. Moreover, the slides presented during Task Force CRM meeting on Tuesday 5 May 2020 can also be considered as support.

In case of questions, please contact taskforce.CRM@elia.be.


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