From mid-2016, the ERA took on the obligation to periodically review key market methods. On 31 March 2019 the ERA completed its first review of the method to certify capacity for intermittent generators. We will soon commence our review of the method and market procedure for setting the Benchmark Reserve Capacity Price and the Energy Price Limits. The reviews the ERA will conduct and the anticipated order in which they will be undertaken is as follows:
The following reviews have been completed:
The ERA has made these documents available with the permission of the IMO for historic reference.