ENQEIR964 - EIDAC Trading Services

Description

EIDAC owns the East West Interconnector which links the electricity grids of the island of Ireland and Great Britain via submarine cables running between converter stations in Ireland and Wales. EIDAC manages the commercial exposure associated with physical unavailability on this link. Imbalance charges will arise under a forced outage as capacity on the East West Interconnector, EWIC, normally utilised by the market can no longer be delivered as the interconnector is unavailable. In order to effectively manage imbalance exposure in the event of a forced outage and reduce EIDAC’s overall exposure, it is necessary for EirGrid to engage an energy trader on behalf of EIDAC. The trading agent will carry out trading (buy and sell energy) in the GB electricity markets on behalf of EIDAC to reconcile the market position of EWIC in GB and where possible the Single Electricity Market (SEM).