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Tag: System Buy Price (5 items)

How are the System Sell Price and the System Buy Price calculated?

For each half hour trading period one of the ‘cash-out prices or ‘energy imbalance prices’ (System Sell Price and System Buy Price) will be associated with balancing mechanism offers and bids…

What is BMReports.com?

BMReports.com is the public Balancing Mechanism Reporting Service (BMRS) website maintained by the Balancing Mechanism Reporting Agent (BMRA), one of ELEXON’s BSC Agent service providers, in accordance with Section V of the BSC.  It provides forecast, near real time and historic data about the Balancing Mechanism.  It includes information on generation and demand, Bid and Offer […]

What is the imbalance settlement process?

The imbalance settlement process settles discrepancies, for each half hour trading period, between: The amount of electricity that a company has contracted to generate or consume (adjusted for any accepted Bids and Offers in the Balancing Mechanism); and The amount of electricity which the company actually generated or consumed. Due to the nature of electricity, […]

What is the System Sell Price and the System Buy Price?

The System Sell Price (SSP) and the System Buy Price (SBP) are the ‘cash-out’ prices or ‘imbalance prices’ that are used to settle the difference between contracted generation or consumption and the amount that was actually generated or consumed in each half hour trading period. SSP is paid to BSC Trading Parties who have a […]

Where can I find details of wholesale prices of electricity in Great Britain?

The majority of wholesale trading takes place directly between buyers and sellers of electricity at a price agreed in private. Benchmark prices for the trades are published on subscription to reference agencies. Short term energy trading takes place on two power exchanges in GB. Both publish price data: http://www.apxgroup.com/ http://www.nordpoolspot.com Although ELEXON does not calculate […]