In addition to Obligation Trading, Capacity Market (CM) participants will be able to re-allocate excess capacity arising from the over-delivery of capacity during a System Stress Event, to other Capacity Market participants who have under-delivered (during a System Stress Event). This is to incentivise delivery and support the respective flow of payments. This short term trading measure is referred to as Volume Reallocation.
ESC, as the CM Settlement Body, is required to manage Volume Reallocation using a new Capacity Volume Register. This process will be administered by our settlement agent EMRS, and further information is available on their portal.