List of all BSC Modifications
P452 ‘Replacement of the Energy Bill Relief Scheme for non-domestic customers with the Energy Bill Discount Scheme’
This Modification seeks to enable Elexon as the Balancing and Settlement Code Company (BSCCo) to act as the payment provider for the Government’s Energy Bill Discount (EBD) Scheme for non-domestic electricity customers. This scheme will replace the existing Energy Bill Relief (EBR) Scheme.
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.
P450 ‘Housekeeping and making the BSC gender neutral’
This housekeeping Modification corrects a total of 52 non-material errors and inconsistencies across 31 Sections (including 9 Annexes) of the BSC. It also replaces gender specific references with references that are gender neutral to bring the BSC in line with modern best practice and other energy codes.
P449 ‘Non-domestic Energy Bill Relief Scheme’
This Modification seeks to enable Elexon (BSCCo) to act as the payment provider for the Government’s Energy Bill Relief Scheme for non-domestic electricity customers. The intention of the subsidy would be to reduce non-domestic consumer tariffs in light of the recent rises in energy costs.
P448 ‘Mitigating Gas Supply Emergency Risks’
The war in Ukraine and resultant gas shortages in Europe significantly increases the risk of Generators in GB being prevented from generating this winter (due to Firm Load Shedding during a Gas Supply Emergency). If that happens Generators are likely to incur massive Imbalance Charges and credit cover requirements, potentially causing them to become insolvent. Even if such an Emergency does not occur, the risk that it could occur is likely to force Generators to reduce their forward and Day Ahead trading, reducing liquidity in electricity markets, and raising costs for electricity consumers.
P447 ‘Avoiding impact of Winter Contingency actions on cash-out prices’
This Modification would prevent negative impacts to the cash-out price if NGESO’s Winter Contingency service is used.
P446 ‘Domestic Energy Price Guarantee Scheme’
This Modification seeks to enable Elexon (BSCCo) to implement and administer the payment scheme for Suppliers as part of the Government’s Energy Price Guarantee scheme for domestic electricity customers. The intention of the subsidy would be to reduce consumer tariffs in light of the recent rises in energy costs.
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).
P444 ‘Compensation for Virtual Lead Party actions in the Balancing Mechanism’
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.