This page provides full details of the proposed change, relevant dates and decisions.
What is the issue?
At CMAG Meeting 21, it was highlighted that CM Rules Exhibit C ‘Form of Certificate of Conduct’ includes a confidentiality restriction and list of parties that CM Participants can reveal CM Confidential Information to. The list includes the EMR Delivery Body but not the CM Settlement Body or Department for Energy Security and Net Zero. However, the CM Rules may require CM Participants to share information with both CMSB and DESNZ.
Rule 5.13 ‘Prohibited Activities’ outlines information that should not be shared, and restricted between CM Participants, to prevent market manipulation.
What is the proposed solution?
This change proposal seeks to update the definition of Capacity Market Confidential Information to clarify that it concerns information that when shared would constitute a ‘Prohibited Activity’ as stated in Rule 5.13.
Status
CMAG development phase
This is the stage after the CMAG has initially considered the CM Rule Change Proposal and has determined that further assessment is required of the proposal. Activities in this stage may include the development of possible solution options, the development of legal text for a proposal and/or the consideration of the impacts of a solution on relevant stakeholders.
Next Steps
| Milestone | Date |
|---|---|
| Proposal Form Submission | 8 July 2024 |
| CMAG Initial Consideration | Meeting 19 (16 April 2024) |
| CMAG Development | Meeting 22 (15 July 2024) |
| CMAG Recommendation to Ofgem | TBC |
| Ofgem Statutory Consultation | TBC |
| Implementation | TBC |
Impacts and Related Changes
Impacts
Capacity Market Rules Sections
- Definitions – Capacity Market Confidential Information
Impacted Parties
- Capacity Providers
Related Changes
None
Contact information
Lead Analyst:
Amy Stackhouse, Change Lead: Capacity Markets
[email protected], 020 7380 4221