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Streamlining LCF Process for Enhanced Efficiency

Discover key steps for improving LCF processes, reducing time by streamlining bidding submissions, validation, and response handling. Comparison of current and new LCF process for better understanding and seamless transactions.

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Streamlining LCF Process for Enhanced Efficiency

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  1. Mod_06_12Improved Efficiencies in LCF Process31 January 2012

  2. Key Steps for Current LCF Process • ~ 40 minutes*2 • Pre-Gate Closure*1 • Participant – notifies SEMO of possible LCF • SEMO – confirms LCF • SEMO – Advises Participant to submit bids (via fax) • Post Gate Closure*3 • SEMO – validate LCF bid submission • SEMO – manually enter bids • SEMO – secondary check of manually entered bids • SEMO – send response to Participant whether the offer data have been successfully loaded. • Participant • Market Controllers • Market Helpdesk • Market IT • ~ 30+ minutes*4 • Market Controllers • Market Helpdesk • *1 - Key steps only. • *2 - Time is indicative , being dependent on Participant familiarity with LCF process and type of data being submitted. • *3 - Key steps only, detail involves 18+ steps • *4 - Time is indicative and will depend upon event, number of Units, bid structure, etc.

  3. Key Steps for NEW LCF Process • ~ 20 minutes • Pre-Gate Closure • Participant – notifies SEMO of possible LCF • SEMO – confirms LCF • Participant to submit bids (via SEMO Website) • Participant to submit User name, Password and Transaction ID (via Fax) • Post Gate Closure • SEMO – Uploads XML file • SEMO – send response to Participant whether the offer data have been successfully loaded. (via fax) • Participant • Market Controllers • Market Helpdesk • Market IT • ~ 10 minutes*4 • Market Controllers • Market Helpdesk • *4 - Time is indicative and will depend upon event, number of Units, bid structure, etc.

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