Implementing the Target Model: Challenges for Ireland

European Governments are committed to creating a single internal market for electricity by 2014. Throughout the EU, national electricity markets are being reviewed to align with a common European 'Target Model' for cross border capacity allocation and congestion management. Detailed rules that give legal effect to this target model will be binding on all EU members by 2014, however the project is currently behind schedule. The EU Electricity Target Model is not consistent with the Irish SEM in its current form – key differences are: no firm day ahead prices in SEM; complex bidding structure in SEM; no continuous intraday market in SEM. In recognition of this ACER (the European Agency for the Co-operation of Energy Regulators) has agreed to provide a two year derogation for the island of Ireland to meet the Target Model on condition of SEM roadmap to 2016.

Although Ireland has been given a derogation until 2016, other member states will be implementing the new market arrangements by 2014 so decisions taken in 2013 will be key in deciding the final shape of the new market. This seminar, which will coincide with Ireland’s EU Presidency, will examine the European Target Model and the challenges of implementing this within the SEM. European market integration is recognised as one of the key challenges for the island of Ireland and is a major energy policy driver.

Featured speakers include:

	Professor David Newbery University of Cambridge & Independent Member SEM Committee		Sheenagh Rooney Senior Regulatory Manager Commission for Energy Regulation
	Tadhg O'Briain DG Energy European Commission		Peter Styles Board Member European Federation of Energy Traders
	Antonio López-Nicolás Manager, Market ENTSO-E		Owen Wilson Chief Executive Officer Electricity Association of Ireland
	Olaf Islei Wholesale Markets Team Ofgem		Robin McCormick General Manager SEMO

* View the full speaker line-up and seminar programme.

Download the full seminar brochure here [PDF] >