P475 Implementation Consultation on BM Units production / consumption flags
The purpose of this implementation consultation is to seek feedback from industry participants on the proposal to bring forward the Implementation Date of P475. By gathering views on the revised timeline, the consultation allows stakeholders to assess and respond to the impact of an earlier delivery of the Modification.
Elexon has identified an opportunity to adjust the timeline, allowing for the earlier delivery of the Modification’s benefits. This feedback will help the BSC Panel make an informed recommendation to the Authority regarding the updated implementation date, ensuring that both market and participant needs are considered.
Status
Who will this impact?
This Modification is expected to impact:
- Generators
- Suppliers
- Non-Physical Traders
What is proposed?
P475 will amend the BSC to allow all storage BM Units to fix their P/C status, thereby preventing dynamic recalculations and flipping. By treating storage BM Units similarly to Export Exempt BM Units, this proposal enables them to choose and fix their P/C flag. The proposed solution includes implementing changes to Section K ‘Classification and Registration of Metering Systems and BM Units’ of the BSC and updating Balancing and Settlement Code Procedure 15 (BSCP) ‘BM Unit Registration’ and any associated processes to reflect this fixed status.
How to respond
We invite you to respond to this Implementation Consultation to provide your views on the earlier implementation date for P475. Please send your response to [email protected] using the consultation form by 5pm on Thursday 24 October 2024.