Glossary

Change

(Showing items 21-30 of 315)

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View P453 Report Phase Consultation

P453 Report Phase Consultation

This Modification seeks to progress two recommendations from Issue 93 ‘Review of the BSC metering Codes of Practice’. 

View P415 & P444 Report Phase Consultations

P415 & P444 Report Phase Consultations

P415 seeks to amend the BSC to allow Virtual Lead Parties (VLPs) to participate in the GB wholesale market.

The P444 solution seeks to introduce compensation for Suppliers and Virtual Lead Parties (VLPs) for volumes adjusted by VLPs in the Balancing Mechanism.

View P443 Report Phase Consultation

P443 Report Phase Consultation

This Modification seeks to limit the exposure of all GB parties, including consumers, to extreme prices because of tight margins across the European energy markets. The proposed solution is to cap the price that enters the BSC Imbalance Price calculation at the Value of Lost Load (VoLL – currently £6,000/MWh), for Interconnector actions only. VoLL under the BSC represents the value to customers of unsupplied energy. National Grid Electricity System Operator (NGESO) would still be able to take Interconnector actions it deems necessary, but these would be capped in the Imbalance Price calculation where the relevant actions exceed VoLL.

View P452 Urgent Modification Consultation on Energy Bill Discount Scheme

P452 Urgent Modification Consultation on Energy Bill Discount Scheme

This Modification seeks to enable Elexon (BSCCo) to act as the payment provider for the Government’s Energy Bill Discount Scheme for non-domestic electricity customers. This scheme will replace the existing Energy Bill Relief (EBR) Scheme.

View Mini-consultation on the future of the SVA Data Catalogue, the User Requirements Specifications and BSC guidance documents

Mini-consultation on the future of the SVA Data Catalogue, the User Requirements Specifications and BSC guidance documents

We are seeking views from interested parties on the future of certain BSC Document types. Specifically, the SVA Data Catalogue, the User Requirements Specifications, Guidance Notes and Simple Guides.

In this exploratory consultation, we outline options for the future of each of these document types. We will use the results from this consultation to inform what changes to make to these document types. Please provide your responses using this form.

View P443 Assessment Procedure Consultation

P443 Assessment Procedure Consultation

P443 seeks to limit the exposure of all GB parties, including consumers, to extreme prices because of tight margins across the European energy markets.

View P444 Assessment Procedure Consultation

P444 Assessment Procedure Consultation

This Modification would amend BSC systems and processes to introduce a compensation mechanism for Suppliers and VLPs when a VLP takes a Bid or Offer in the BM, to ensure a level playing field and enable correct incentivisation of flexibility. 

View P449 Urgent Modification Consultation on Energy Bill Relief Scheme

P449 Urgent Modification Consultation on Energy Bill Relief Scheme

This Modification seeks to enable Elexon (BSCCo) to act as the payment provider for the Government’s Energy Bill Relief Scheme for non-domestic electricity customers. The intention of the subsidy would be to reduce non-domestic consumer tariffs in light of the recent rises in energy costs.

View P448 Urgent EBGL Consultation

P448 Urgent EBGL Consultation

This Modification would enable Generators to continue generating during a Network Gas Supply Emergency, if it occurs.

The proposed solution would require changes to below BSC documents to create a mechanism in the BSC that allows Load Shedding instructions issued during a Stage 2+ Network Gas Supply Emergency to be treated as Accepted Bids for BSC purposes. The generator will be protected from BSC Imbalance Charges if the Load Shedding prevents them from delivering contracted positions agreed prior to receipt of the Load Shedding instruction:

  • BSC Sections B, G, M, Q, T and X;
  • Balancing and Settlement Code Procedure (BSCP)18;
  • Interface Definition and Design (IDD) Part 2 Document;
  • Settlement Administration Agent (SAA) Service Description; and
  • Settlement Administration Agent User Requirements Specification.

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