BSC Changes impacting an Interconnector User

Glossary

This page shows which Modifications and Change Proposals have been identified as impacting an Interconnector User. 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.

(Showing items 1-19 of 19)

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P470 ‘Protecting the Imbalance Price from IOLC related distortions’

P470 seeks to reprice Offer prices in the Imbalance Settlement Price calculation where those Offers were impacted by price restrictions introduced by the Inflexible Offers Licence Condition (IOLC).

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P467 ‘Enduring Solution in an event of a Gas Deficit Emergency (GDE)’

This is a follow on Modification from Issue 105 and provides an enduring solution in an event of a Gas Deficit Emergency (GDE). 

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P463 ‘Introduce a Standard Change Process’

To introduce a new change process – a ‘Standard Change’ process – into the BSC arrangements that would allow for certain, low risk, predictable and repeatable pre-authorised changes to be implemented without following the existing Change Proposal or Modification procedures.

If you are interested in joining the P463 Workgroup, please sign up via the Modification and Issue Workgroup sign-up webpage.

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P454 ‘Removal of BSC obligations to provide BMRS Data via TIBCO and the High Grade Service’

This Modification would remove the existing requirement within BSC Section V ‘Reporting’ for the Balancing Mechanism Reporting Agent (BMRA) to provide BMR Service (BMRS) data via the legacy High Grade Service, otherwise referred to as the TIBCO service.

P454 is a recommendation from BSC Issue 95, which considered the impacts associated with maintaining the legacy TIBCO service.

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P466 ‘BSC Section N Modernisation’

This Modification seeks to update BSC Section N ‘Clearing Invoicing and Payment’ to support the effective running of the Funds Administration Agent (FAA). The Modification will align the BSC with Elexon’s updated financial systems and modern banking practices to increase the efficiency of service provided to industry.

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P460 ‘Amend the responsibility to propose and consult on a MHHS Migration Plan’

P460 aims to change responsibility for proposing, consulting on and obtaining approval of the Market-wide Half Hourly Settlement (MHHS) Migration Plan from BSCCo to the Market-wide Half Hourly Settlement Programme (MHHSP).

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P457 ‘Replace the Electricity Arbitration Association with the London Court of International Arbitration’

P457 proposes to remove the Electricity Arbitration Association (EAA) from the BSC and replace with the London Court of International Arbitration (LCIA) to deliver better value for money and service.

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P443 ‘To Cap NGESO Interconnector Trades’

At the current time National Grid Electricity System Operator (NGESO) can trade at prices above the Value of Lost Load (VoLL – as defined in BSC Section T 1.12, currently set at £6,000/MWh). The Proposer’s view is that this adds to customers’ costs and sends a signal to the markets that customers are willing to buy power at any price. In a cost of living crisis the Proposer does not believe that the British public are prepared to buy energy at any price.

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P458 ‘Introducing Data Controller and Processor Obligations in the BSC for MHHS Testing’

The purpose of this Modification is to address the need for personal information sharing in the Balancing and Settlement Code (BSC), specifically in the context of the Market-wide Half Hourly Settlement (MHHS) testing. The current BSC General Data Protection Regulation (GDPR) and data protection provisions were not designed to allow the sharing of personal information, which has now become necessary for the planned MHHS testing.

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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.

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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).

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P438 ‘Amending the BSC to address sanction orders’

This Modification would allow Elexon to seamlessly give effect to sanctions orders.

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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.

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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.

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P424 ‘Re-insert correct definition of Settlement Error’

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P413 ‘Market-wide Half Hourly Settlement Programme Manager’

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P417 ‘Move the Letter of Credit templates and Approved Insurance Product requirements to the BSC Website’

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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.

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P406 ‘Temporary disapplication of Supplier Charge Serials SP08 and SP04 due to COVID-19’

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