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We implemented Change Proposal (CP) 1527 ‘Increase the minimum data storage capacity for Settlement Outstations and mandate specific selectable integration periods for Metering Codes of Practice’ on 30 June 2022, as part of the June 2022 BSC Release.

CP1527 incremented the Issue (and version) numbers of the below CoPs, by one.

We have upgraded the Digital Code with some additional features to help you find the information you need from the BSC.

We have written to users of the TIBCO software service and the High Grade communications line about our intention to decommission them in March 2024.

The TIBCO software and the High Grade line supply users with near real time updates on wholesale market data from our Balancing Mechanism Reporting Service (BMRS).

Last week Elexon issued a formal notice to Suppliers of additional data sets having been approved to be published under Peer Comparison. This data has been approved for publication under the provisions introduced by BSC Modification P427 ‘Publication of Performance Assurance Parties’ impact on Settlement Risk’.

The Credit Assessment Load Factor (CALF) values for the summer 2023 BSC Season, which runs from 1 June 2023 to 31 August 2023, are available from the Credit/Credit Alerting section under the Financial and Credit menu on the ELEXON Portal.

If you are the Lead Party of a non-Credit Qualifying BMU, you can appeal an assigned CALF value if you believe it does not accurately represent your expected activity.

From 23 February 2023, under Modification P427, Elexon will be able to publish the Settlement performance data of Performance Assurance Parties (PAPs)* under the Peer Comparison Performance Assurance Technique.

We are looking for new members for the Imbalance Settlement Group (ISG) Committee.

The Spring BSC Season begins on 1 March. If you are using the Elexon Kinnect Customer Solution, the deadline for submitting your GC and DC values for the season is 14 February.

As part of the 23 February 2023 Balancing and Settlement Code release, two Modifications (P376 and P419) will be implemented using our Customer Solution, one of the three pillars of Elexon Kinnect, our cloud platform.

We will publish guidance documents for companies that want to participate in the P376 and P419 reforms later this month.

Ahead of the first meeting of BSC Issue 106 ‘Review of BSC Credit Cover Arrangements’, we are seeking feedback from stakeholders via a short (5-10 min) survey. Survey responses will be used to inform the meeting materials and focus areas for the first meeting, and must be submitted by 17:00 on Wednesday 15 February.

Would you like to get visibility of upcoming Change Proposals to the BSC? Sign up for an opportunity to feedback on upcoming Changes.

We implemented the P402 Alternative Modification ‘Enabling reform of residual network charging as directed by the Targeted Charging Review’ in the February 2022 Balancing and Settlement Code (BSC) Release.  

Following the implementation of   Modification P350 on 1 April 2018, ETLMO values have been calculated for each season across the 2023/24 BSC Year. The Imbalance Settlement Group approved the revised Estimated Transmission Losses Adjustment (ETLMO) values for use from 1 April 2023 at its January 2023 meeting.

Following a thorough procurement process, the Market-wide Half-Hourly Settlement (MHHS) Programme and Elexon are pleased to announce the appointment of Avanade with their Microsoft Azure infrastructure solution as the Data Integration Platform Service Provider (DIPSP) for the Programme. 

If you’re participating in the Demand Flexibility Service you need to associate the NGC BM Units that you have been provided by the National Grid Electricity System Operator with your Base Supplier BM Units.

The Credit Committee (CC) is one of several Balancing and Settlement Code (BSC) committees which play a role in managing and governing the code. The CC, which is responsible for all BSC matters relating to the Credit Assessment Price (CAP), is looking for new members. 

The February 2023 Release planned go-live is 23 February 2023; this release includes changes to the SAA-I014 Settlement Administration Agent (SAA) Settlement Report sub-flows 1, 2 & 4. From 23 February 2023, all BSC Parties will receive Version 12 of the SAA-I014, sub-flow 1 or 4, as default and Version 10 of the SAA-I014 will no longer be available.

The Credit Assessment Load Factor (CALF) values for the Spring 2023 BSC Season, which runs from 1 March 2023 to 31 May 2023, are available from the BSC Portal. If you are the Lead Party of a non-Credit Qualifying BMU, you can appeal an assigned CALF value if you believe it does not accurately represent your expected activity.

• BSC Portal > Financial and Credit > Credit / Credit Alerting

We issue two Circulars during each Market Domain Data (MDD) Release. These are: Impact Assessment Circulars that informs you of the proposed changes to be included in the next Version of MDD; and a Final Circular that confirms the changes being committed to the next Version of MDD.

The Elexon Insights Solution data platform Real-time Information Service (IRIS) is now available.   

We issue two Circulars during each Market Domain Data (MDD) Release. These are: Impact Assessment Circulars that informs you of the proposed changes to be included in the next Version of MDD; and a Final Circular that confirms the changes being committed to the next Version of MDD.

The Winter BSC Season 2022 begins on 1 December.  If you are using the Elexon Kinnect Customer Solution, the deadline for submitting your GC and DC values for the season is 16 November.

We issue two Circulars during each Market Domain Data (MDD) Release. These are: Impact Assessment Circulars that informs you of the proposed changes to be included in the next Version of MDD; and a Final Circular that confirms the changes being committed to the next Version of MDD.

We launched our digital code site in April 2022 to recreate 460 Balancing and Settlement Code (BSC) documents in a far easier to browse format. The digital code is now the single source for BSC documents and around 400 people are using it each day. The PDFs of all of the code documents have been retired from main BSC website (www.elexon.co.uk) and will now redirect you to the digital code equivalent.

We issue two Circulars during each Market Domain Data (MDD) Release. These are: Impact Assessment Circulars that informs you of the proposed changes to be included in the next Version of MDD; and a Final Circular that confirms the changes being committed to the next Version of MDD.

Elexon has calculated the annual Grid Supply Point (GSP) Group liability caps and Supplier Charge values for the BSC Year 2022/23. 

• 2022/23 GSP Group Take, Supplier Charges and GSP Caps

Following the approval of Balancing and Settlement Code Modification (BSC) P446 ‘Energy Price Guarantee Scheme for domestic customers’ by Ofgem, Elexon is pleased to have been appointed as Scheme Administrator.

The Market Index Definition Statement (MIDS) is annually reviewed by the BSCCo. on behalf of the BSC Panel, to ensure that the Market Index Price is providing a reasonable reflection of the price of wholesale electricity in the short term market.

Due to the announcement of an additional Bank Holiday on 19 September 2022 for the Queen’s funeral, Elexon are currently working through re-aligning all impacted Settlement Calendars.

Michael Gibbons CBE, FEI, BSC Panel Chair, and Dr. Phil Hare, BSC Panel Deputy Chair, have sent a letter on behalf of the BSC Panel as part of the Consultation on the Future Ownership of Elexon that Ofgem issued on 14 July 2022.  BEIS and Ofgem have jointly published the consultation on the change in ownership of Elexon. This follows the publication of the Future System Operator (FSO) consultation response on 6th April 2022.

The Credit Committee has decided to withdraw the notified Credit Assessment Price (CAP) of £510/MWh before implementation on 7 September 2022. This means the current CAP value of £415/MWh remains valid at least until it is replaced by the next scheduled CAP of £475/MWh on 16 September.

The Credit Assessment Load Factor (CALF) values for the Winter 2022 BSC Season, which runs from 01 December 2022 to 28 February 2023, are available from the Credit/Credit Alerting section under the Financial and Credit menu on the Elexon Portal.

If you are the Lead Party of a non-Credit Qualifying BMU, you can appeal an assigned CALF value if you believe it does not accurately represent your expected activity.

Due to a global shortage of materials and the impact of COVID-19 on global supply chains, there is a shortage of semi-conductors among other crucial components, which impacts the ability of Meter manufacturers to produce and supply electricity Meters, including those required for Settlement under the BSC.

This shortage of Settlement Meters impacts on new connections and fault resolution in both the Supplier Volume Allocation (SVA) and Central Volume Allocation (CVA) markets, and consequently impacts the integrity and accuracy of Settlement.

As you may be aware, the Credit Assessment Price (CAP) is due to increase in the next few days. Your BM Unit CALF Values and your declared Generation Capacity (GC) and Demand Capacity (DC) values are used in the Credit Assessment Energy Indebtedness (CEI) calculation of your Credit Indebtedness.

With the recent increases in the CAP, it is important to check whether your DC and GC values are correct and that you have reviewed the Credit Assessment Load Factor (CALF) values that Elexon has calculated to ensure that they accurately represent the expected Balancing Mechanism (BM) Unit activity.

If you are a Supplier that has Additional BM Units with the Final Physical Notification (FPN) Flag set to Yes, then you will need to register any existing or future MSID Pairs.

Suppliers that need to register their MSID Pairs must send the MSID Pair allocation (P0278) to the SVAA by the deadline of 6 October 2022.

From today anybody regardless of whether they work in the electricity sector or not can get access to the same level of data that is used for most of Elexon’s reporting on electricity Settlement.

We have published updated versions of the 2022/23 Risk Evaluation Register (RER) and the Risk Operating Plan (ROP) following a review completed in July 2022.