In recent years, the Irish electricity market has seen increased volatility as changes in the gas supply and other key factors resulted in changes in the delivered electricity price in Ireland. This has increased the demand by generators and suppliers to lock in prices over longer periods. CfDs allow generators or suppliers to fix a price over a period to reduce volatility and increase certainty. This is increasingly important in periods of change as represented by I-SEM. CfDs with CCL as the counter party offer an alternative that has proven to be good value and with a low administrative requirement. Other routes to the market for CfDs can be less flexible and represent a high administration cost to participants.
CCL act for numerous generators and suppliers. Over the years CCL has brokered numerous CfDs on behalf of clients. CfDs are offered on a quarterly, six monthly and an annual basis. Profiles offered are baseload or for a specified wind profile.
