P310 – Revised Credit Cover for Exporting Supplier BM Units
Formal title: Revised Credit Cover for Exporting Supplier BM Units
Current Status
Summary
P310 proposes to use the Balancing Mechanism Credit Assessment Export Capability (BMCAEC) value instead of the Balancing Mechanism Credit Assessment Import Capability (BMCAIC) value with regards to the Credit Assessment Energy Indebtedness calculations when a Supplier Volume Allocation Balancing Mechanism Unit contains embedded generation and no consumption.
Progression
P310 was raised by NEAS Energy A/S on 31 July 2014. The Initial Written Assessment (IWA) was presented to the Panel at its meeting on 14 August 2014 who agreed that P310 should progress through a four month Assessment Procedure. The Workgroup recommended that P310 should be approved and its Assessment Report was presented to the Panel at its meeting on 11 December 2014.
The Panel initially recommended that P310 should be approved and progressed as a Self-Governance Modification. P310 was issued for its Report Phase Consultation on 12 December 2014, with responses due 9 January 2015. The Draft Modification Report was presented to the Panel for approval at its meeting on 12 February 2015, where the Panel unanimously agreed that P310 should be approved as a Self-Governance Modification.
BSC Parties had 15 Working Days to appeal the Panel’s approval of P310. This 15 Working Day period expired on 5 March 2015. No appeals were received so P310 was implemented in accordance with the Panel’s determination on 25 June 2015 (June 2015 Release).