BSC Changes impacting a Virtual Lead Party

Glossary

This page shows which Modifications and Change Proposals have been identified as impacting a Virtual Lead Party. 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 1-25 of 25)

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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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P407 ‘Project MARI’

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

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P413 ‘Market-wide Half Hourly Settlement Programme Manager’

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P424 ‘Re-insert correct definition of Settlement Error’

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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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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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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)’.

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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).

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CP1562 ‘Amendments to the approved IDD changes for P375’

CP1562 seeks to update the New Electricity Trading Arrangement (NETA) Interface Definition Documents(IDD) Part 1 and 2 that were approved under P375, to provide clarity to the relevant Parties that make use of the document.

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CP1556 ‘Improving the CVA Qualification Testing experience for VLPs and AMVLPs’

CP1556 looks to update BSCP70 ‘CVA Qualification Testing for Parties and Party Agents’ and the Communication Requirements Document to include a test request process and a list of P-flows for VLPs and AMVLPs.

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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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CP1567 ‘New BSC Procedure (BSCP) for Assurance Information Requests (AIRs)’

The AIR is a Performance Assurance Technique (PAT) which was introduced in May 2022. Currently there is no related BSCP for an AIR, therefore when issuing an AIR, there is no written obligation on Parties to adhere to the request.

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P428 ‘Correction to P376 Legal Text’

This Modification is required to correct an error contained within the approved legal drafting for P376. This Proposal will ensure that Virtual Lead Parties (VLPs) do not need to submit the status of Metering System Identifier (MSID) pairs contained within secondary Balancing Mechanism (BM) Units that do not use the baselining methodology introduced in the P376 solution.

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P444 ‘Compensation for Virtual Lead Party actions in the Balancing Mechanism’

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P415 ‘Facilitating access to wholesale markets for flexibility dispatched by Virtual Lead Parties’

P415 seeks to amend the BSC to allow Virtual Lead Parties (VLPs) to participate in the GB wholesale market. 

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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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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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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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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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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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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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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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P451 ‘Updating BSC Black Start provisions and compensation arrangements’

P451 seeks to facilitate the implementation of NGESO’s new approach to Black Start, termed System Restoration. In doing so, it proposes to update all BSC references to “Black Start” to “System Restoration”, and enable contracted Restoration Service Providers who are non-BSC parties to claim BSC Black Start compensation.

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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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