Consultation on the Market Index Definition Statement (MIDS) Review

Summary

The Market Index Definition Statement (MIDS) has been reviewed to ensure that the Market Index Data used to calculate the reverse price is providing a reasonable reflection of the price of wholesale electricity in the short term market.

The Imbalance Settlement Group (ISG) is seeking views from the industry on the suitability of the current Individual Liquidity Threshold, Timeband weightings and Product weightings as defined in the MIDS.

If you would like to respond, please complete the proforma and send it to [email protected] by Wednesday 11 September 2013. The ISG will consider all the consultation responses at its September meeting where a final recommendation will be made to the BSC Panel.

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