Single Electricity Market Fundamentals

Essential training on the Single Electricity Market arrangements

Our subject matter experts explain how the Single Electricity Market (SEM) operates across the island of Ireland. We delve into the how the electricity wholesale market is structured, and the timelines for trading electricity in the SEM. We will also unpack wholesale market pricing and trends and how the Transmission System Operators (TSOs) balance the system. The session also cover the operation of the Capacity Remuneration Mechanism and provides an outlook of changes to SEM arrangements.

The objectives of this course

• Understanding all elements of the Single Electricity Market, including energy trading, system services and capacity markets

• The regulatory and commercial framework that underpins SEM

• How electricity is traded over different time horizons

• Key wholesale market trading concepts

• How TSO balancing activity occurs after market closure

• What the Capacity Remuneration Mechanism is intended to achieve and how it works

• Key challenges for SEM and the outlook

Who is it for?

• Electricity suppliers

• Electricity traders

• Renewable electricity generators

• Dispatchable generators

• Regulatory specialists

• Energy market advisors

What to expect?

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