Legacy SEM Fixed Credit Cover Review
Affected Period
Status
Closed
Category
Credit Risk Management
Run Type
Created
Last Updated
Dear Market Participant,
As you are aware Legacy SEM ceased in June 2020. As a result of this, an exercise was carried out to review the Fixed Credit Cover requirements in Enduring SEMO.
This is to ensure that the Participants meet their Credit obligations under the TSC Part B and to facilitate the efficient, economic and coordinated operation, administration and development of the Single Electricity Market in a financially secure manner.
The results of which have now been uploaded into the Credit system and are available to view on your Collateral report via the MPI.
If you have any queries, please do not hesitate to contact SEMO @ info@sem-o.com.
Kind regards,
SEMO Settlements