P344 Report Phase Consultation

Summary

P344 seeks to align the Balancing and Settlement Code (BSC) with the European Balancing Project TERRE (Trans European Replacement Reserves Exchange) requirements. This is in order to allow the implementation of the TERRE balancing product at national level and hence ensure compliance with the European Electricity Balancing Guideline (EB GL).

This is the P344 Report Phase Consultation, whereby industry views are requested in respect of the BSC Panel’s initial recommendations on the Modification.

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