Consultation on the Market Index Definition Statement (MIDS) Review


Who will this impact?

The 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 including the Overnight product in the MIDS and/or giving a ‘0’ weighting to timeband 6 (i.e. excluding the trades between in timeband 6).

The consultation has been published on the Elexon Website. If you would like to respond, please complete the proforma and send it to Oliver Xing by Tuesday 18 September 2012. 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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