Consultations on Operations and Settlement

This page lists all Consultations relating to Operations and Settlement. The consultations allow ELEXON to gather feedback from the industry about proposed changes so that any concerns are considered as part of our processes.

(Showing items 1-20 of 57)

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Credit Assessment Price (CAP) consultation: 7 September 2020

Summary

As the trigger levels are set at 10% of the CAP value, rounded to the nearest whole pound, this will also increase at +/-£6/MWh.

The Credit Assessment Price (CAP) is used in the Energy Indebtedness calculations to convert Credit Cover into an energy value. We are consulting on an increase of the CAP to £46/MWh from the current CAP value of £36/MWh. A change to CAP can impact the amount of Credit Cover required by a Trading Party.

If all respondents and Credit Committee members are in agreement, the proposed value will be implemented on Thursday 10 September 2020 and the trigger level will increase to +/- £5/MWh.

If at least one respondent or Credit Committee member requests it or disagrees with the proposed value, Elexon will arrange a Credit Committee meeting. The Credit Committee will determine if a change needs to be made to the value of the CAP, the trigger level and when any new value should be implemented.

Outcome

No responses were in disagreement with the new suggested CAP value. 

On Wednesday 7 October 2020, the CAP value will increase £56/MWh. As a result, Parties may notice a change in their Credit Cover Percentage, and should review the amount of Credit Cover lodged.

Consultation on the Market Index Definition Statement Review 2020

Summary

BSC Parties should note that as part of the BSC Modification P410 workgroup, the future of the MIDS will be determined. From 15 January 2021, the MIP cannot be used as a component of the System Price calculation in order for the BSC to comply with the European Balancing Guideline.

The MIDS Review 2020 consultation includes a question to BSC Parties to help understand how the MIP is used outside of the System Price calculation and what consequences there would be for Parties if the calculation of the MIP was discontinued.

Response

Responses to the Consultation closed on Friday 18 September.

During that time response period we had one response, which you can find below.

More about the MIDS

The Market Index Definition Statement (MIDS) defines the use of Market Index Data to calculate the Market Index Price (MIP), a price reflective of wholesale electricity for a Settlement Period in the short term market. An annual review of this document is required by the BSC, to ensure that the MIP is providing a reasonable reflection of the price of wholesale electricity in the short term market.

Consultation for Allocation of a New Grid Supply Point (GSP) to a GSP Group – 4 September 2020

Summary

Scottish Hydro Electric Transmission plc (SHE-T) is connecting a new circuit to the Rothienorman 33kV substation, required as part of the East Coast 400 kV Reinforcement project. This new Systems Connection Point will be registered in Settlement as a new GSP, to be known as Rothienorman (ROTI3).

The National Electricity Transmission System Operator (NETSO) propose that GSP_ ROTI3 is allocated to the North Scotland (_P) GSP Group.

Responses

If you have any views on the allocation of the above GSP to the North Scotland GSP Group, please respond using the consultation response form, and send to [email protected] by 17:00 on 18 September 2020.

P350 draft reference network mapping statement for Reference Year 2019-20

Summary

We issued a consultation on the draft reference network mapping statement for Modification P350 ‘Introduction of a seasonal Zonal Transmission Losses scheme’ to each Party. The network mapping statement is used for determining Nodal power flows in the calculation of Transmission Loss Factors. 

Response

Please respond using the consultation response form and send your responses, entitled  ‘P350 Draft Reference Network Mapping Statement’, to [email protected]  by 17.00 on Monday 14 September 2020.

Credit Assessment Price (CAP) consultation: 10 August

Summary

The Credit Assessment Price (CAP) is used in the Energy Indebtedness calculations to convert Credit Cover into an energy value. We are consulting on an increase of the CAP to £46/MWh from the current CAP value of £36/MWh. A change to CAP can impact the amount of Credit Cover required by a Trading Party.

If all respondents and Credit Committee members are in agreement, the proposed value will be implemented on Thursday 10 September 2020 and the trigger level will increase to +/- £5/MWh.

If at least one respondent or Credit Committee member requests it or disagrees with the proposed value, Elexon will arrange a Credit Committee meeting. The Credit Committee will determine if a change needs to be made to the value of the CAP, the trigger level and when any new value should be implemented.

Outcome

No responses were in disagreement with the new suggested CAP value. 

On Thursday 10 September 2020, the CAP value will increase £46/MWh. As a result, Parties may notice a change in their Credit Cover Percentage, and should review the amount of Credit Cover lodged.

Credit Assessment Price (CAP) consultation: 6 July 2020

Summary

We are consulting on an increase of the CAP to £36/MWh from the last notified value of £30/MWh. A change to CAP can impact the amount of Credit Cover required by a Trading Party.

If all respondents and Credit Committee members are in agreement, the proposed value will be implemented on Thursday 23 July 2020 and the trigger level will increase at +/- £4/MWh.

If at least one respondent or Credit Committee member requests it or disagrees with the proposed value, Elexon will arrange a Credit Committee meeting. The Credit Committee will determine if a change needs to be made to the value of the CAP, the trigger level and when any new value should be implemented.

Outcome

No responses were in disagreement with the new suggested CAP value. 

On Thursday 23 July 2020, the CAP value will increase from £30/MWh to £36/MWh. As a result, Parties may notice a change in their Credit Cover Percentage, and should review the amount of Credit Cover lodged. 

Issue 89 Request for Information

Summary

The BSC Panel has asked Elexon to provide analysis on the cost and effort related to the DCE that occurred on 9 August 2019 (DCE00201). We are looking specifically at those costs incurred by parties, both direct and indirect, associated with the SAP that are required to be carried out to ensure Settlement is accurately calculated for the Settlement Periods impacted by the DCE. This analysis is being carried out for Issue 89 and P397.

The provision of this information is critical to meet the aim of Issue 89, to ensure the SAP is fit for purpose, and the aim for P397, to only run the SAP when the benefits outweigh the costs. Moreover, the provision of this information is needed to meet the Ofgem request in relation to P397. Your help and support in this matter is appreciated.

Credit Assessment Price (CAP) consultation: 10 February 2020

Summary

This consultation seeks respondents’ views on decreasing the CAP £36/MWh from the last notified value of £41/MWh. 

Outcome

No responses were in disagreement with the new suggested CAP value. As such, no Credit Committee meeting was held and the proposed CAP value was implemented on the date stated in the consultation.

Consultation for Allocation of a New Grid Supply Point (GSP) to a GSP Group – 23 January 2020

Summary

The Tongland 132kV substation currently feeds the _N GSP Group via two circuits with 132/11kV transformers, which form the existing GSP, GSP_TONG. The existing GSP is at the 11kV substation.

Scottish Power Energy Network (SPEN) is connecting two new circuits into the Tongland 132kV substation. The two new circuits will be connected via 132/33kV transformers to a 33kV substation.  The new circuits at the 33kV substation will be registered as a new GSP, to be known as Tongland_1, GSP_TONG1.

The National Electricity Transmission System Operator (NETSO) propose that GSP_TONG1 is allocated to the South of Scotland (_N) GSP Group.

Credit Assessment Price (CAP Review) process consultation: 13 January 2020

Summary

The Credit Assessment Price (CAP) is used in the Energy Indebtedness calculations to convert Credit Cover into an energy value. We are consulting on a decrease of the CAP to £41/MWh from the last notified value of £47/MWh. A change to CAP can impact the amount of Credit Cover required by a Trading Party.

If all respondents and Credit Committee members are in agreement, the proposed value will be implemented on Wednesday 12 February 2020 and the trigger level will remain the same.

If at least one respondent or Credit Committee member requests it or disagrees with the proposed value, Elexon will arrange a Credit Committee meeting. The Credit Committee will determine if a change needs to be made to the value of the CAP, the trigger level and when any new value should be implemented.

Outcome

No responses were in disagreement with the new suggested CAP value. As such, no Credit Committee meeting was held and the proposed CAP value was implemented on the date stated in the consultation.

Credit Assessment Price (CAP) review consultation: 16 December 2019

Summary

This consultation seeks respondents’ views on decreasing the CAP to £47/MWh from the last notified value of £54/MWh.

This change can affect the level of Credit Cover that you are required to lodge, so we encourage you to respond to the consultation.

If at least one respondent or Credit Committee member requests it, Elexon will arrange a Credit Committee meeting after the consultation closes to determine the new CAP value.

Outcome

No responses were in disagreement with the new suggested CAP value. As such, no Credit Committee meeting was held and the proposed CAP value was implemented on the date stated in the consultation.

Consultation for Allocation of a New Grid Supply Point (GSP) to a GSP Group – 30 October 2019

Summary

Elexon has received a new GSP registration application from the National Electricity Transmission System Operator (NETSO).  UK Power Networks (South Eastern Power Networks) (SBPN) is connecting two new circuits into the Richborough 132kV substation. This new Systems Connection Point will be registered in Settlement as a new GSP, to be known as Richborough GSP (RICH_J).

The NETSO proposes that GSP RICH_J is allocated to the South Eastern (_J) GSP Group.

Responses

If you have any views on the allocation of the above GSP to the South Eastern GSP Group, please respond using the consultation response form, and send to [email protected] by 17:00 on 12 November 2019.

Your response should be titled ‘Richborough GSP Registration’.

Consultation on the Market Index Definition Statement Review 2019

Summary

The Market Index Definition Statement (MIDS) defines the use of Market Index Data to calculate the Market Index Price (MIP), a price reflective of wholesale electricity for a Settlement Period in the short term market. An annual review of this document is required by the BSC, to ensure that the MIP is providing a reasonable reflection of the price of wholesale electricity in the short term market.

Changes were made to the MIDS as part of BSC Modification P377 ‘Amending Gate Closure references in Market Index Data’, which was implemented on 18 April 2019.

Our yearly analysis suggests that there are no further changes to the MIDS required at this time, with the current Individual Liquidity Threshold (ILT), timeband weightings and product weightings remaining suitable.

Response

Please respond using the consultation response proforma and send your responses, entitled ‘MIDS Review 2019 Consultation’, to [email protected] by Thursday 10 October 2019.

Responses to this consultation will be considered by the Imbalance Settlement Group at its meeting on 22 October 2019, where a final recommendation will be made to the BSC Panel for approval.

Credit Assessment Price (CAP) consultation: 9 September 2019

Summary

This consultation seeks respondents’ views on increasing the CAP £54/MWh from the last notified value of £43/MWh.

Outcome

No responses were in disagreement with the new suggested CAP value. As such, no Credit Committee meeting was held and the proposed CAP value was implemented on the date stated in the consultation.

P350 draft reference network mapping statement for Reference Year 2018-19

Summary

We issued a consultation on the draft reference network mapping statement for Modification P350 ‘Introduction of a seasonal Zonal Transmission Losses scheme’ to each Party. The network mapping statement is used for determining Nodal power flows in the calculation of Transmission Loss Factors. 

Response

Please respond using the consultation response form and send your responses, entitled  ‘P350 Draft Reference Network Mapping Statement’, to [email protected]  by 17.00 on Friday 13 September 2019.

Changes to the CAP Review Process: 12 August 2019

Summary

We invite Trading Parties to indicate whether they agree with the proposal to set new CAP values based on the estimated reference price on the implementation date of the new CAP. We also invite Parties to indicate if they agree the trigger level (the value from which if the reference price deviates by, then a review of the CAP is triggered) should be automatically set. These proposed changes will allow for a more efficient process whilst maintaining the necessary levels of control.

Consultation for Allocation of a New Grid Supply Point (GSP) to a GSP Group 21 June 2019

Summary

Elexon has received a new GSP registration application from the Transmission Company.  National Grid Electricity Transmission (NGET) is connecting a new GSP at Islington, which will form a connection between the existing High Voltage 400kV substation at Highbury and the UK Power Networks Distribution System in the London region.  This new GSP will be known as Holloway/Islington (GSP_HOLL_1).

The Transmission Company propose that GSP HOLL_1 is allocated to the London (_C) GSP Group.

Responses

If you have any views on the allocation of the above GSP to the London GSP Group, please respond using the consultation response form, and send to [email protected] by 17:00 on 5 July 2019.

Your response should be titled Holloway/Islington GSP Registration.

P350: Methodology for Load Periods and Sample Settlement Periods Consultation 19 June 2019

Summary

Modification P350 ‘Introduction of a seasonal Zonal Transmission Losses scheme’ introduced a Transmission Loss Factor (TLF) for each TLF Zone and BSC Season, so transmission losses can be allocated on a geographical basis. P350 went live on 1 April 2018.

This Consultation details the proposed methodology for setting Load Periods and Sample Settlement Periods to be used in the derivation of Zonal TLFs, as required by the Balancing and Settlement Code (BSC).

Outcome

No responses were in disagreement with using the suggest methodology to calculate the Load Periods (LPs) and Sample Settlement Periods (SSPs). The methodology, and the new LPs and SSPs for BSC Year 2020/21, were presented to the Imbalance Settlement Group (ISG) in July 2019. These were approved by the ISG and were published on the TLF Determination page of the Elexon Portal.  

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