BSC Changes impacting a Non-Physical Trader
This page shows which Modifications and Change Proposals have been identified as impacting a Non-Physical Trader. 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.
P472 ‘Amendment to provisions for Parties to bring claims against BSC Agents in BSC Section E’
This Modification proposes to amend BSC Section E to remove the requirement for Parties to be able to bring claims against BSC Agents. An industry Workgroup will be formed to consider what other measures (if any) might be appropriate to mitigate the impact of this on Parties.
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).
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.
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.
P469 ‘Credit Default Refusal and Rejection Period’
P469 proposal seeks to delay the Credit Default Refusal and Rejection Periods. This change would give parties a two-hour window from the Level 2 Credit Default notification until the time when any Energy Contract Volume Notifications (ECVN) related to a defaulting party are rejected.
To implement the proposed Solution, this Modification aims to change BSC Section M, 3.3.3 a (i) and (ii).
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.
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).
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.
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.
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.