BSC Changes impacting a Virtual Lead Party
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.
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’
P417 ‘Move the Letter of Credit templates and Approved Insurance Product requirements to the BSC Website’
P413 ‘Market-wide Half Hourly Settlement Programme Manager’
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).
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.