BSC Changes impacting a Generator
This page shows which Modifications and Change Proposals have been identified as impacting a Generator. Please note that the assessment of where impacts may affect certain roles within the electricity market may be amended during the course of the Change process.
P406 ‘Temporary disapplication of Supplier Charge Serials SP08 and SP04 due to COVID-19’
P405: Allow notices via email where currently prohibited
P405 will allow notices that the BSC currently requires to be sent by post or fax to be sent by email.
P407 ‘Project MARI’
P379 ‘Multiple Suppliers through Meter Splitting’
P417 ‘Move the Letter of Credit templates and Approved Insurance Product requirements to the BSC Website’
P413 ‘Market-wide Half Hourly Settlement Programme Manager’
CP1539 ‘Inclusion of LCCC as an Affected party in Metering Dispensation applications’
CP1540 ‘Strengthening the Qualification – Change of Ownership Process’
P424 ‘Re-insert correct definition of Settlement Error’
P416 Introducing a route of appeal for the Annual Budget in line with the proposals for the Retail Energy Code
P416 seeks to amend the BSC to include an appeals mechanism that BSC Parties could use to challenge items in the Annual Budget.
P410 ‘Changing imbalance price calculations to comply with the Imbalance Settlement Harmonisation regulations’
P410 sought to introduce changes to the imbalance price calculations to ensure BSC compliance with the European Imbalance Settlement Harmonisation regulations.
P421 ‘Align BSC with Grid Code for TERRE Market Suspension’
This Modification aligns the BSC with the provisions introduced into the Grid Code under GC0144 ‘Alignment of Market Suspension Rights to the EU Emergency and Restoration Code Article 35.1(b)’.
P375 ‘Settlement of Secondary BM Units using metering behind the site Boundary Point’
P375 will allow Metering Equipment situated ‘behind’ the defined Boundary Point to be used for Settlement purposes in place of the Boundary Point Meter. Primarily, this will allow balancing-related services on-site from smaller assets to be separated from current imbalance-related activities, more accurately reflecting the balancing-energy volumes provided by the Balancing Service Provider (BSP).
CP1550: Updates to monitoring of voltage failure alarms requirements
This Change Proposal looks to simplify the management of phase failures and update the requirements of voltage failure alarms.
P438 ‘Amending the BSC to address sanction orders’
This Modification would allow Elexon to seamlessly give effect to sanctions orders.
P447 ‘Avoiding impact of Winter Contingency actions on cash-out prices’
This Modification would prevent negative impacts to the cash-out price if NGESO’s Winter Contingency service is used.
P445 ‘Improving efficiency of Default Funding Share process and Energy Supply Company Administration’
This Modification seeks to allow the Funds Administration Agent (FAA) to process a Default Funding Share for unpaid Trading Charges earlier to reduce the cost of the borrowing facility and reduce the risk of shortfall. The Modification will also allow the Panel to instruct the FAA to release Trading Charges where the default relates to an Energy Supply Company Administration (ESCA).
P448 ‘Mitigating Gas Supply Emergency Risks’
The war in Ukraine and resultant gas shortages in Europe significantly increases the risk of Generators in GB being prevented from generating this winter (due to Firm Load Shedding during a Gas Supply Emergency). If that happens Generators are likely to incur massive Imbalance Charges and credit cover requirements, potentially causing them to become insolvent. Even if such an Emergency does not occur, the risk that it could occur is likely to force Generators to reduce their forward and Day Ahead trading, reducing liquidity in electricity markets, and raising costs for electricity consumers.
P426 ‘Combining related BSC Parties’ Energy Indebtedness positions for the Credit Cover Percentage calculation’
This Modification proposes to remove inefficiencies with the Credit Cover calculation by allowing related BSC Parties to combine their Energy Indebtedness prior to calculating the Credit Cover Percentage.
P440 ‘Enabling Elexon to administer the Capacity Market Advisory Group’
The BSC does not currently allow Elexon to undertake administrative activities that would support the Capacity Market Advisory Group (CMAG). This does not align to Ofgem’s decision to appoint Elexon to undertake the CMAG administrative activities on its behalf.