P374 Report Phase Consultation
P374 seeks to ensure that the BSC is aligned with the European Electricity Balancing Guideline (EBGL – Regulation 2017/2195) derogation and change process by ensuring that:
- BSC Modifications are not implemented until the EBGL change process has completed; and
- BSC Derogations cannot be granted for provisions that constitute relevant legal requirements (Alternative Modification, which aligns to existing BSC wording) or that meet the EBGL balancing terms and conditions (Proposed Modification).
Specifically, P374 aims to reflect changes to the Code Governance arising from the application of the terms and conditions related to balancing from Articles 4, 5, 6, 10 and 18 of the EBGL