The CRU has today, 11th February 2022, published a Decision Paper on its proposals for generators to provide additional financial reporting to the CRU to help mitigate the risk of a future disorderly exit.
The objective of introducing additional financial reporting requirements for generators is to identify potential vulnerabilities which could impact the market and pose a risk to local security of supply, specifically a potential disorderly exit. As noted in its paper ‘Dublin Security of Supply: Measures to mitigate the risk of disorderly exit’ (CRU/18/228), the CRU committed to consult on measures requiring generators to demonstrate and report on an annual basis, that they are in a position to fulfil their Grid Code obligations, in particular the three-year closure notice period. This consultation was carried out in 2019 (CRU/19/041).
Following consideration of the responses received, the CRU has deemed it appropriate to issue a decision on the matter in place of a draft decision as previously proposed. The accompanying CRU consultation response paper and non-confidential responses to the consultation paper are also published alongside the decision paper.
CRU intends to set an implementation date for the new measures in the second half of 2022 and will communicate further with public and relevant generators at that time.