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 1-10 of 25)

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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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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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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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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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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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