Peer Comparison is designed to encourage performance improvement and compliance. Performance Assurance Reporting and Monitoring System (PARMS) Serial data is used to show comparative performance across Suppliers and Supplier Agents.
Click on the image below to view the PARMS training video where Kathryn Gay, Settlement Operations Analyst also details Peer Comparison, Supplier Charges, the PARMS Serials they relate to, liquidated damages, what a ‘genuine pre-estimate loss’ means along with Supplier Charge Caps.
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What sort of Peer Comparison do we provide?
There are two types of Peer Comparison: Public Peer Comparison and Quarterly Peer Comparison. The Performance Assurance Board (PAB) approves both of these types and the PARMS Serials that are to be published.
Public Peer Comparison graphs show comparative performance either at a national or Grid Supply Point (GSP) Group level by Supplier ID, dependent upon whether the Serial is reported at GSP or nationally. Before they are published, the Public Peer Comparison data is circulated to all authorised Peer Comparison contacts for review and is published on this section.
Suppliers can challenge the data if there is a discrepancy with the data submitted into PARMS. If the PAB introduces or withdraws a Performance Measure from the Public Peer Comparison technique, we give Suppliers two months’ notice.
Quarterly Peer Comparison graphs show comparative performance of Suppliers and Supplier Agents either at a national or Grid Supply Point (GSP) Group level by Supplier and Supplier Agent ID, dependent upon whether the Serial and if it is reported at GSP or nationally. They are sent to authorised Peer Comparison contacts every three months. SP11 is not reported quarterly.
Publication of Peer Comparison data
Monthly Peer Comparison Graphs can be found under Market Compliance >> Peer Comparison Graphs.
The Performance Assurance Board (PAB) will provide a two month notification prior to the publication of any peer comparison data. Current notifications are posted below:
Date notification sent: 23 March 2015
Supplier Serials subject to PC:
- SP08a – Percentage of Non Half Hourly Energy settled on Annualised Advances at Final Reconciliation (RF)
- SP08b – Percentage of Half Hourly Energy settled on actual Meter readings at the Initial Volume Allocation Run (SF)
- SP09 – Percentage of Non Half Hourly Metering Systems settled on default Estimated Annual Consumptions at Third Reconciliation (R3)
- SP11 – Timely Appointment of Agents after the Initial Settlement Run (SF)
Frequency of reporting: Monthly
Date for commencement of PC (excluding SP11): May 2007
Date for commencement of PC (SP11): May 2015
Performance Assurance Framework
Peer Comparison is an incentive technique in ELEXON’s Performance Assurance Framework.