Dublin, Ireland. — (METERING.COM) — April 12, 2007 – Ireland´s two energy regulators, the Commission for Energy Regulation (CER) and the Northern Ireland Authority for Utility Regulation (NIAUR) have developed a joint strategy for delivering further liberalisation and competition in electricity on an all-island basis
In a Memorandum of Understanding (MOU) signed by the two bodies, a programme of measures have been set out for the further strategic development of an all island electricity market. The first step in the process, the Single Electricity Market (SEM), which establishes new wholesale electricity trading arrangements for Ireland, is due to commence on 1 November.
The new strategy is aimed at enhancing cross border cooperation between the two regulatory authorities, and in particular at ensuring the delivery of competition and the equal treatment of customers and market participants, regardless of their location within the island. In order to achieve this the measures include that no one company should have greater than 40% market share. In addition as competition strengthens, tariff regulation will be phased out.
In order to ensure the liquidity of the SEM, the two bodies will apply a consistent, transparent and harmonised approach to market regulation on the island. This includes standardised arrangements to allow customers to switch supplier, standardised codes of practice and a common approach to the regulation of energy sector participants.
In a statement the CER and NIAUR express their confidence that the MOU sets out the correct strategy for the development of an all island electricity market that will support competition in the interests of customers.