Capacity Remuneration Mechanism in Ireland

On 20 December 2017 EirGrid and SONI published the provisional Capacity Auction results for the 2018-19 Capacity Remuneration Mechanism (CRM) T-1 auction, held on the 15th December 2017. Subject to approval the Regulatory Authorities, the final results at a Capacity Market Unit level will be published on the 25th Jan 2018.

In this paper Senior Consultant Tom Edwards discusses the basic design of the Capacity Remuneration Market (CRM), which replaces Capacity Payment Mechanism in the Republic of Ireland. He also explains the drivers behind Ireland’s CRM clearing prices and how it compares with the GB market’s clearing price.

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