Following a stress event, volume reallocation allows capacity providers who have over delivered to transfer excess output of a CMU to a separate CMU. Where a CMU has delivered more than its “Adjusted Load Following Capacity Obligation” (‘the seller’) would be permitted to reallocate the excess output to another CMU which did not deliver all of its “Adjusted Load Following Capacity Obligation” (‘the buyer’).
The obligation of either CMU is not changed by the trade. The buyer would be considered to have met its obligation via a combination of any output of its own and that nominated from other CMUs. The seller would not receive over delivery payments for any MW transferred to another CMU. The CM Settlement Body administers this process, ensuring that limits on the volume to be reallocated and controls around which parties can reallocate excess output in the CM Rules are followed. |