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Performance Assurance Framework
Welcome to the Performance Assurance Framework (PAF) section. This section explains the different techniques of Performance Assurance and how we apply them. These techniques are designed to help us manage Settlement Risks.
The PAF is in place to provide assurance that:
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energy is allocated between Suppliers efficiently, correctly and accurately;
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Suppliers and Supplier Agents transfer Metering System data efficiently and accurately; and
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calculations and allocations of energy and the associated Trading Charges are performed in line with the requirements detailed in the BSC.
The Performance Assurance Board (PAB) uses the Performance Assurance processes to identify and evaluate Settlement Risks before deploying Performance Assurance Techniques to Suppliers, Supplier Agents and Licensed Distribution System Operators (LDSOs). We call these companies Performance Assurance Parties (PAPs).
PAF Key Process Diagram
The diagram above explains the cycle of Performance Assurance which starts with a methodology for identifying Settlement Risks. We evaluate and set out how to manage these Settlement Risks through the Risk Evaluation Register, Risk Operating Plan and individual Risk Management Plans before deploying the techniques and reporting the results in the Annual Performance Assurance Report.