Glossary

Consultations on Operations and Settlement

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

(Showing items 1-139 of 139)

Show 10 | 20 | 50 | All
View Consultation: decreasing CAP to £62 from 7 March 2024

Consultation: decreasing CAP to £62 from 7 March 2024

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £62 from 7 March 2024. This two-day consultation will close at 17:00 on 21 February 2024.

View Consultation: decreasing CAP to £75 from 20 February 2024

Consultation: decreasing CAP to £75 from 20 February 2024

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £75 from 20 February 2024. This two-day consultation will close at 17:00 on 2 February 2024.

View Consultation: decreasing CAP to £90 from 2 February 2024

Consultation: decreasing CAP to £90 from 2 February 2024

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £90 from 2 February 2024. This two-day consultation will close at 17:00 on 18 January 2024.

View Consultation: decreasing CAP to £100 from 4 January 2024

Consultation: decreasing CAP to £100 from 4 January 2024

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £100 from 4 January 2024. This two-day consultation will close at 17:00 on 15 December 2023.

View Consultation: increasing CAP to £120 from 21 November 2023

Consultation: increasing CAP to £120 from 21 November 2023

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £120 from 21 November 2023. This two-day consultation will close at 17:00 on 6 November 2023.

View Consultation: increasing CAP to £130 from 3 November 2023

Consultation: increasing CAP to £130 from 3 November 2023

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £130 from 3 November 2023. This two-day consultation will close at 17:00 on 19 October 2023.

View Consultation on Metering Dispensation D/565 for non-compliant Metering Equipment

Consultation on Metering Dispensation D/565 for non-compliant Metering Equipment

Elexon Ltd (Elexon) has raised a generic Metering Dispensation (D/565) on behalf of SMS PLC (SMS). If the BSC Panel approves a generic Metering Dispensation, it allows non-compliant Metering Equipment (or Metering Equipment that has not been approved under BSCP601 – a requirement of CoPs 1, 2, 3, 5, 10 and 11) to be installed and registered in any Settlement Metering System, subject to any conditions the BSC Panel agrees.

View Consultation on the Market Index Definition Statement (MIDS) Review 2023

Consultation on the Market Index Definition Statement (MIDS) Review 2023

We are seeking your views on the annual Market Index Definition Statement (MIDS) review. If you represent BSC Parties or any other party in connection with the MIDS please respond to this online consultation.

View Consultation: increasing CAP to £105 from 18 October 2023

Consultation: increasing CAP to £105 from 18 October 2023

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £105 from 18 October 2023. This two-day consultation will close at 17:00 on 3 October 2023.

View Consultation: P350 Draft Reference Network Mapping Statement 2024-25

Consultation: P350 Draft Reference Network Mapping Statement 2024-25

This consultation seeks views on the draft reference Network Mapping Statement (NMS) for use in the allocation of Transmission Loss Factors (TLFs) for BSC Year 2024-2025.

View Consultation: increasing CAP to £95 from 5 September 2023

Consultation: increasing CAP to £95 from 5 September 2023

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £95 from 5 September 2023. This two-day consultation closed at 17:00 on 18 August 2023.

View Consultation: decreasing CAP to £90 from 2 August 2023

Consultation: decreasing CAP to £90 from 2 August 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £90 from 2 August 2023. This two-day consultation will close at 17:00 on 18 July 2023.

View P350 TLFA process: Consultation on Methodology for LP and SSP 2024-2025

P350 TLFA process: Consultation on Methodology for LP and SSP 2024-2025

This consultation details the proposed methodology for setting Load Periods and Sample Settlement Periods used in the derivation of Zonal Transmission Loss Factors (TLFs), as required by the Balancing and Settlement Code (BSC). New values are set each year, and views are sought from the Transmission Company and BSC Parties on continuing to use the same method as for previous years.

View Issue 107: Consultation on Confirmation Notices

Issue 107: Consultation on Confirmation Notices

The Issue 107 Workgroup are seeking views from Trading Parties on its two preferred invoicing options.

View Consultation: increasing CAP to £100 from 5 July 2023

Consultation: increasing CAP to £100 from 5 July 2023

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £100 from 5 July 2023. This two-day consultation will close at 17:00 on 20 June 2023.

View Consultation: decreasing CAP to £90 from 13 June 2023

Consultation: decreasing CAP to £90 from 13 June 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £90 from 13 June 2023. This two-day consultation will close at 17:00 on 25 May 2023.

View Consultation: decreasing CAP to £100 from 26 May 2023

Consultation: decreasing CAP to £100 from 26 May 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £100 from 26 May 2023. This two-day consultation will close at 17:00 on 11 May 2023.

View Consultation: decreasing CAP to £110 from 11 May 2023

Consultation: decreasing CAP to £110 from 11 May 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £110 from 11 May 2023. This two-day consultation will close at 17:00 on 24 April 2023.

View Consultation: decreasing CAP to £125 from 14 April 2023

Consultation: decreasing CAP to £125 from 14 April 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £125 from 14 April 2023. This two-day consultation will close at 17:00 on 28 March 2023.

View Consultation: decreasing the CAP to £140/MWh from 22 March 2023

Consultation: decreasing the CAP to £140/MWh from 22 March 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £140/MWh from 22 March 2023. This two-day consultation will close at 17:00 on 7 March 2023.

View Consultation: decreasing the CAP to £155/MWh from 1 March 2023

Consultation: decreasing the CAP to £155/MWh from 1 March 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £155/MWh from 1 March 2023. This two-day consultation will close at 17:00 on 14 February 2023.

View Consultation: decreasing CAP to £170 from 3 February 2023

Consultation: decreasing CAP to £170 from 3 February 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £170/MWh from 3 February 2023. This two-day consultation will close at 17:00 on 19 January 2023.

Earlier this month, the Credit Committee notified a Credit Assessment Price (CAP) decrease to £220/MWh from 20 January 2023. A further decrease in forward market prices has prompted the Credit Committee to propose a £170/MWh CAP value effective from 3 February 2023 for consultation.

View Consultation: decreasing CAP to £250 from 20 January 2023

Consultation: decreasing CAP to £250 from 20 January 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £250/MWh from 20 January 2023. This two-day consultation will close at 17:00 on 5 January 2023.

View Consultation: revising CAP to £400 from 5 January 2023

Consultation: revising CAP to £400 from 5 January 2023

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £400/MWh from 5 January 2023. This two-day consultation will close at 17:00 on 16 December 2022.

Earlier this month, the Credit Committee confirmed a Credit Assessment Price (CAP) increase to £450/MWh from 21 December 2022. However, a decrease in forward prices since this was notified has resulted in an additional CAP value of £400/MWh effective from 5 January 2023 to be proposed by the Credit Committee for consultation. This gives the Credit Committee the optionality to change the CAP, or the option to withdraw any notified CAP(s) when further data is available closer to the implementation date.

View Consultation: increasing CAP to £490 from 21 December 2022

Consultation: increasing CAP to £490 from 21 December 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £490/MWh from 21 December. This two-day consultation will close at 10:00 on 7 December 2022.

Last month, the Credit Committee confirmed a Credit Assessment Price (CAP) increase to £350/MWh from 14 December 2022. However, significant increases in forward prices since this was notified has resulted in an additional higher CAP value of £490/MWh effective from 21 December 2022 to be proposed by the Credit Committee for consultation. This gives the Credit Committee the optionality to increase the CAP if System Prices significantly increases, or the option to withdraw when further data is available closer to the implementation date.

View Consultation: increasing CAP to £350 from 14 December 2022

Consultation: increasing CAP to £350 from 14 December 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £350/MWh from 14 December. This two-day consultation will close at 10:00 on 30 November 2022.

Earlier this month, the Credit Committee confirmed a Credit Assessment Price (CAP) increase to £300/MWh from 30 November 2022. However, following prices in December remaining higher, a CAP value of £350/MWh effective from 14 December 2022 has been proposed by the Credit Committee for consultation. This gives the Credit Committee the optionality to increase the CAP were forward prices to remain higher, or the option to withdraw when further data is available closer to the implementation date.

View Consultation: increasing CAP to £300/MWh from 30 November 2022

Consultation: increasing CAP to £300/MWh from 30 November 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £300/MWh from 30 November. This two-day consultation will close at 10:00 on 16 November 2022.

Last month, the Credit Committee confirmed a Credit Assessment Price (CAP) at £250/MWh from 8 November 2022. However, following prices in December remaining higher, a CAP value of £300/MWh effective from 30 November 2022 has been proposed by the Credit Committee for consultation. This gives the Credit Committee the optionality to increase the CAP were December prices to remain higher, or the option to withdraw it if prices remain steady, or decrease, when further data is available closer to December delivery.

View Consultation: revising CAP to £300/MWh from 8 November 2022

Consultation: revising CAP to £300/MWh from 8 November 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £300/MWh from 8 November. This two-day consultation will close at 10:00 on 25 October 2022.

View Consultation on Credit Assessment Price increase to £525/MWh from 1 November 2022

Consultation on Credit Assessment Price increase to £525/MWh from 1 November 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £525/MWh from 1 November. This two-day consultation will close at 17:00 on 17 October 2022.

View Consultation: Credit Assessment Price revision for mid-October 2022

Consultation: Credit Assessment Price revision for mid-October 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £420/MWh from 12 October 2022 and to £465/MWh from 19 October. This two-day consultation will close at 17:00 on 27 September 2022.

View Consultation: Credit Assessment Price decrease to £350/MWh from 7 October 2022

Consultation: Credit Assessment Price decrease to £350/MWh from 7 October 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £350/MWh from 7 October 2022. This two-day consultation will close at 17:00 on 22 September 2022.

View Consultation on the Market Index Definition Statement (MIDS) Review 2022

Consultation on the Market Index Definition Statement (MIDS) Review 2022

We are seeking your views on the annual Market Index Definition Statement (MIDS) review. If you represent BSC Parties or any other party in connection with the MIDS please respond to this online consultation.

View Consultation on CAP change to £515/MWh from 21 September 2022

Consultation on CAP change to £515/MWh from 21 September 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £515/MWh from 21 September 2022. This two-day consultation will close at 17:00 on 6 September 2022.

View Consultation: P350 Draft Reference Network Mapping Statement 2023-24

Consultation: P350 Draft Reference Network Mapping Statement 2023-24

This consultation seeks views on the draft reference Network Mapping Statement (NMS) for use in the allocation of Transmission Loss Factors (TLFs) for BSC Year 2023-2024.

View Consultation: CAP increase to £565/MWh from 15 September 2022

Consultation: CAP increase to £565/MWh from 15 September 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £565/MWh from 15 September 2022. This two-day consultation will close at 17:00 on 31 August 2022.


Outcome

The Credit Committee has decided to withdraw the previously notified CAP of £475/MWh that was due for implementation from 16 September. This decision follows on from recent decreases in the forward market prices and means that the current CAP of £415/MWh will remain valid on and beyond 16 September until the next scheduled CAP replaces it.

  • Elexon Circular EL03664 – first outcome where the Credit Committee did not go ahead with the consulted CAP but set a £475/MWh CAP
  • Elexon Circular EL03676 – second outcome withdrawing of the £475/MWh CAP

View Consultation: Credit Assessment Price increase to £435/MWh from 7 September 2022

Consultation: Credit Assessment Price increase to £435/MWh from 7 September 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £435/MWh from 7 September 2022. This two-day consultation will close at 17:00 on 22 August 2022.


Outcome

The Credit Committee has decided to withdraw the notified CAP of £510/MWh before implementation on 7 September 2022. This means the current CAP value of £415/MWh remains valid at least until it is replaced by the next scheduled CAP of £475/MWh on 16 September.

  • Elexon Circular EL03667

On 7 September, the CAP value will increase to £510/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

A Consultation paper on the value of the CAP was issued on 18 August as part of the alternative CAP review process. BSC Parties were invited to indicate whether they agreed with the proposal to increase the value of the CAP to £435/MWh effective from 7 September.

  • Elexon Circular EL03654

View Consultation on CAP increase to £395/MWh from 31 August 2022

Consultation on CAP increase to £395/MWh from 31 August 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £395/MWh from 31 August 2022. This two-day consultation will close at 10:00 on 16 August 2022.


Outcome

On Wednesday 31 August, the CAP value will increase to £415/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03650

View Consultation on CAP increase to £390/MWh from 24 August 2022

Consultation on CAP increase to £390/MWh from 24 August 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £390/MWh from 24 August 2022. This two-day consultation will close at 17:00 on 9 August 2022.


Outcome

On Wednesday 24 August 2022, the CAP value will increase to £390/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03648

View Consultation on CAP increase to £330/MWh from 17 August 2022

Consultation on CAP increase to £330/MWh from 17 August 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £330/MWh from 17 August 2022. This two-day consultation will close at 17:00 on 2 August 2022.


Outcome

On Wednesday 17 August 2022, the CAP value will increase to £330/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03644

View Consultation: Credit Assessment Price increase to £300/MWh from 9 August 2022

Consultation: Credit Assessment Price increase to £300/MWh from 9 August 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £300/MWh from 9 August 2022. This two-day consultation will close at 17:00 on 25 July 2022.


Outcome

On Tuesday 9 August 2022, the CAP value will increase to £300/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03635

View Consultation: Credit Assessment Price increase to £270/MWh from 26 July 2022

Consultation: Credit Assessment Price increase to £270/MWh from 26 July 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £270/MWh from 26 July 2022. This two-day consultation will close at 17:00 on 8 July 2022.


Outcome

On Tuesday 26 July 2022, the CAP value will increase to £270/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03626

View Consultation: Credit Assessment Price increase to £215/MWh from 8 July 2022

Consultation: Credit Assessment Price increase to £215/MWh from 8 July 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £215/MWh from 8 July 2022. This two-day consultation will close at 17:00 on 23 June 2022.


Outcome

On Friday 8 July 2022, the CAP value will increase to £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03615

View Consultation: Credit Assessment Price change to £190/MWh from 1 June 2022

Consultation: Credit Assessment Price change to £190/MWh from 1 June 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £190/MWh from 1 June 2022. This two-day consultation will close at 17:00 on 17 May 2022.


Outcome

The Credit Committee held a meeting today, 30 May 2022, and decided to postpone the implementation date of the last notified CAP of £190/MWh. It was due to go live on 1 June 2022 but this has now been postponed to 1 July 2022.

  • Elexon Circular EL035897

Previous decision

On Wednesday 1 June 2022, the CAP value will increase to £190/MWh from the current CAP of £177/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03586

View Consultation: Credit Assessment Price decrease to £177/MWh from 17 May 2022

Consultation: Credit Assessment Price decrease to £177/MWh from 17 May 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £177/MWh from the current CAP value of £215/MWh. This two-day consultation will close at 17:00 on 28 April 2022.


Outcome

On Tuesday 17 May 2022, the CAP value will decrease to £177/MWh from the current CAP of £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03573

View Consultation for Allocation of a new Grid Supply Point at Axminster

Consultation for Allocation of a new Grid Supply Point at Axminster

ELEXON has received a new GSP registration application from the National Electricity Transmission System Operator (NETSO) relating to two new circuits at Axminster. BSC Parties are invited to respond to this consultation using the proforma available.

View Consultation on CAP change to £235/MWh from 20 April 2022

Consultation on CAP change to £235/MWh from 20 April 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £235/MWh. This two-day consultation will close at 17:00 on 31 March 2022. Please note the previously notified CAP value of £250/MWh is confirmed to go live on 1 April 2022. The last notified CAP value is £215 which is due to go live on 8 April provided it is not withdrawn by the Credit Committee before implementation.


Outcome

The Credit Committee has decided to withdraw the last notified CAP of £235/MWh before implementation on 21 April 2022. This means the current CAP value of £215/MWh remains valid until the Credit Committee sets the next CAP value and its implementation date.

The Credit Committee has been monitoring the market very closely and has decided that the CAP value of £235/MWh would no longer be reflective of market data for implementation from 21 April.

  • Elexon Circular EL03562
  • Elexon Circular EL03566

View Consultation on CAP decrease to £215/MWh from 8 April 2022

Consultation on CAP decrease to £215/MWh from 8 April 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £215/MWh. This two-day consultation will close at 17:00 on 24 March 2022.

Please note the last notified CAP value of £250/MWh will still go ahead on 1 April 2022.


Outcome

On Friday 8 April 2022, the CAP value will decrease to £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Circular EL03554

View Consultation: Credit Assessment Price decrease to £250/MWh from 1 April 2022

Consultation: Credit Assessment Price decrease to £250/MWh from 1 April 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £250/MWh. This two-day consultation will close at 10am on 18 March 2022. Please note the last notified CAP value of £330/MWh will still go live on 17 March 2022.


Outcome

There were no consultation responses therefore the CAP value will decrease to the proposed value of £250/MWh on 1 April 2022. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged. See Elexon Circular EL03549


View Consultation on CAP increase to £231/MWh from 17 March 2022

Consultation on CAP increase to £231/MWh from 17 March 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £231/MWh. This two-day consultation will close at 17.00 on 2 March 2022.


Outcome

Following a consultation on the value of the CAP which we issued on 28 February, the Credit Committee has decided that the consulted on CAP value of £231/MWh (for implementation on 17 March 2022) is no longer reflective of market data.

Based on the latest market data available, the Credit Committee has set a new CAP of £330/MWh to be implemented on 17 March.

  • Elexon Circular EL03542

View Consultation on CAP decrease to £175/MWh from 8 March 2022

Consultation on CAP decrease to £175/MWh from 8 March 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £175/MWh. This two-day consultation will close at 17.00 on 21 February 2022.

Please note the last notified CAP value of £190/MWh will still go live on 22 February.


Outcome

The Credit Assessment Price (CAP) will stay at £190/MWh

The Credit Committee has decided that the consulted on CAP value of £175/MWh would no longer be reflective of market data for implementation in March. Therefore it will not be implemented unless forward market prices revert to their former downward trends very soon which will be observed very closely over the coming days until the next Credit Committee meeting.

  • Circular EL03533

View Consultation on CAP decrease to £190/MWh from 22 February 2022

Consultation on CAP decrease to £190/MWh from 22 February 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £190/MWh. This two-day consultation will close at 17.00 on 7 February 2022. Please note the last notified CAP value of £245/MWh will still go live on 8 February.


Outcome

No consultation responses were received. As a result the CAP value will decrease from £245/MWh to £190/MWh, effective from Tuesday 22 February 2022.

  • Circular EL03521

View Consultation on CAP decrease to £245/MWh from 8 February 2022

Consultation on CAP decrease to £245/MWh from 8 February 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £245/MWh. This two-day consultation will close at 17.00 on 24 January 2022. Please note the last notified CAP value of £340/MWh will not go live on 25 January following a Credit Committee decision on 20 January 2022 to retain the current CAP of £305/MWh.


Outcome

The consultation closed on Monday 24 January 2021 and it received no responses. As a result the CAP will decrease to £245/MWh from its current value of £305/MWh on Tuesday 8 February 2022.

  • Elexon Circular EL03517

View Consultation on CAP increase to £340/MWh from 25 January 2022

Consultation on CAP increase to £340/MWh from 25 January 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £340/MWh. This two-day consultation will close at 17.00 on 7 January 2022. Please note the last notified CAP value of £380/MWh will not go live on 7 January following a Credit Committee decision on 5 January 2022 to retain the current CAP of £305/MWh.


Update (20 Jan 2022)

The Credit Committee has been monitoring market data and held a meeting on 20 January 2022 to decide if the last notified CAP value of £340/MWh was still reflective of the recent market data and/or to propose a new CAP value for consultation.

The Credit Committee decided to cancel the last notified CAP value of £340/MWh, which was due to go live on 25 January 2022.

They also proposed a new CAP value of £245/MWh, which will go live on 8 February 2022. The next scheduled Credit Committee meeting is on 27 January where a new CAP could potentially be proposed. Therefore, the minimum duration of the new proposed CAP (£245/MWh) will be between 8 February 2022 and 15 February 2022.

We have provided more information on the rationale for this proposed CAP on the consultation webpage. Parties are invited to respond by 17:00 on Monday 24 January 2022.

  • Consultation on CAP decrease to £245/MWh from 8 February 2022
  • Elexon Circular EL03514

Outcome (10 Jan 2022)

On Tuesday 25 January 2022, the CAP value will increase to £340/MWh from current value of £305/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Circular EL03506

View Metering Dispensation consultation enabling Meter installation to pre-CP1527 implementation CoPs for 18 months

Metering Dispensation consultation enabling Meter installation to pre-CP1527 implementation CoPs for 18 months

We are seeking views from BSC Parties on whether they support the proposed Metering Dispensation (D/535) given the current Meter shortage issues and the ongoing struggles with obtaining crucial components for the manufacture of new Meters.


Outcome (11 January)

The ISG (Imbalance Settlement Group) and SVG (Supplier Volume Allocation Group) have approved Metering Dispensations D/535 and D/536.


View Metering Dispensation consultation on re-calibration of Meters registered to CoPs 3 and 5

Metering Dispensation consultation on re-calibration of Meters registered to CoPs 3 and 5

We are seeking views from BSC Parties on whether they support the proposed Metering Dispensation (D/536) raised as part of Issue 97 and relating to Meter shortage risk driven by global materials availability and supply chain challenges.


Outcome (11 January)

The ISG (Imbalance Settlement Group) and SVG (Supplier Volume Allocation Group) have approved Metering Dispensations D/535 and D/536.


View Consultation on Credit Assessment Price increase to £380/MWh

Consultation on Credit Assessment Price increase to £380/MWh

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £380/MWh from the last notified value of £305/MWh. This two-day consultation will close at 17.00 on 20 December.


Update impacting this decision

(Published: 5 January 2022)

Please note the last notified CAP value of £380/MWh will not go live on 7 January following a Credit Committee decision on 5 January 2022 to retain the current CAP of £305/MWh.

  • Maintaining Credit Cover news

There is now a consultation (dated 5 January 2022) on increasing the Credit Assessment Price (CAP) to £340/MWh.

  • Consultation on Credit Assessment Price increase to £340/MWh from 25 January 2022

Outcome

On Friday 7 January 2022, the CAP value will increase to £380/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

In accordance with the alternative CAP Review Process the implementation period for a new CAP has been shortened to 10 working days and the CAP will be reviewed by the Credit Committee every two weeks. The next Credit Committee meeting to determine the CAP will be on 29 December 2021.

View Consultation for a generic Metering Dispensation based on D/534

Consultation for a generic Metering Dispensation based on D/534

Seagreen Wind Energy Limited (SWEL) has applied for a site specific Metering Dispensation for a solution to the issue of metering its Low Voltage Direct Current (LVDC) supplies on its Seagreen Offshore Wind Farm. SWEL would be happy for it to be generic, as long as this does not introduce any delay.

We are seeking views on whether D/534 could be made generic instead of site specific, and whether it could be adapted to be more generic by including the various solutions under D/461 and D/474 and these Metering Dispensations end dated.


Outcome (11 January)

The SVG and ISG approved D/534 as we recommended subject to the condition that the Direct Current (DC) metering solution is not used for measuring DC supplies to customers for billing purposes. We have updated the Statement of Generic Metering Dispensations to reflect their decisions. You can find more details about the consolidated solution to metering LVDC supplies on Offshore Wind Farms on the statement.


View Credit Assessment Price increase to £305/MWh

Credit Assessment Price increase to £305/MWh

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £305/MWh from the last notified value of £230/MWh. This two-day consultation closed at 17.00 on 2 December.

Outcome

The CAP value will increase to £305/MWh on Friday 17 December 2021. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

Three consultation responses disagreed with the proposed value. The Credit Committee considered the consultation responses without holding a Credit Committee meeting, so as not to hold up the implementation of the increased CAP value. These responses will also be considered in more detail at the next Credit Committee meeting, which will be in the week beginning 13 December 2021.

 

View Consultation: Credit Assessment Price decrease to £230/MWh

Consultation: Credit Assessment Price decrease to £230/MWh

We are consulting on a decrease of the CAP to £230/MWh from the last notified value of £240/MWh. This is a two day consultation, and will close at 17:00 on 18 November 2021.

Outcome

The consultation closed on Thursday 18 November 2021 and two responses disagreed with the proposed value.

The Credit Committee considered the consultation responses without holding a Credit Committee meeting, so as not to hold up the implementation of the reduced CAP value. These responses will be considered in more detail at the next Credit Committee meeting, which will be in the week beginning 29 November 2021.

  • Circular EL03457
View Consultation issued on 01 November on decrease of the CAP to £240/MWh

Consultation issued on 01 November on decrease of the CAP to £240/MWh

We are consulting on a decrease of the CAP to £240/MWh from the last notified value of £259/MWh. A change to CAP can impact the amount of Credit Cover required by a BSC Party.

View Alternative CAP Review process consultation

Alternative CAP Review process consultation

This consultation seeks views on including an alternative review process in the Credit Assessment Price (CAP) Review Guidance Document in light of volatile electricity market prices.

View Consultation issued on 4 October on increase of the CAP to £259/MWh

Consultation issued on 4 October on increase of the CAP to £259/MWh

We are consulting on an increase of the CAP to £259/MWh from the last notified value of £184/MWh. A change to CAP can impact the amount of Credit Cover required by a BSC Party.

View Consultation on the Market Index Definition Statement (MIDS) Review 2021

Consultation on the Market Index Definition Statement (MIDS) Review 2021

We are seeking your views on the annual Market Index Definition Statement (MIDS) review. If you represent BSC Parties or any other party in connection with the MIDS please respond to this online consultation.

View P350 Draft reference Network Mapping Statement consultation 2022-23

P350 Draft reference Network Mapping Statement consultation 2022-23

This consultation seeks views on the draft reference Network Mapping Statement  for use in the allocation of Transmission Loss Factors (TLFs) for BSC Year 2022-2023. 

View P350: Consultation on Methodology for Load Periods and Sample Settlement Periods 18 August 2021

P350: Consultation on Methodology for Load Periods and Sample Settlement Periods 18 August 2021

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

View Credit Assessment Price Consultation 9 August 2021

Credit Assessment Price Consultation 9 August 2021

We have issued a consultation paper on the value of the Credit Assessment Price (CAP). We are consulting on an increase of the CAP to £113/MWh from the current value of £96/MWh. 

This consultation has now closed. See the outcome of the consultation.

View Credit Assessment Price Consultation 5 July 2021

Credit Assessment Price Consultation 5 July 2021

We have issued a consultation paper on the value of the Credit Assessment Price (CAP). We invite Parties to indicate whether they agree with the proposal to increase the CAP to £96/MWh from the current value of £77/MWh.

View Credit Assessment Price consultation 17 May 2021

Credit Assessment Price consultation 17 May 2021

We have issued a consultation paper on the value of Credit Assessment Price (CAP). We invite Parties to indicate whether they agree with the proposal to increase the value of CAP to £77/MWh from last notified value of £70/MWh.

As the trigger level is set at 10% of the CAP value, rounded to the nearest whole pound, this would change to
+/-£8/MWh.

View Credit Assessment Price consultation 04 May 2021

Credit Assessment Price consultation 04 May 2021

We have issued a consultation paper on the value of Credit Assessment Price (CAP). We invite Parties to indicate whether they agree with the proposal to increase the value of CAP to £68/MWh from last notified value of £60/MWh.

As the trigger level is set at 10% of the CAP value, rounded to the nearest whole pound, this would change to
+/-£7/MWh.

View Credit Assessment Price consultation 12 April 2021

Credit Assessment Price consultation 12 April 2021

A trigger event has occurred, meaning that the absolute difference between the CAP and the reference price is greater than the current trigger level of +/- £5/MWh.

As a result, a consultation on a new CAP value has commenced. The consultation period will end at 17:00 on Tuesday 20 April 2021.

View Credit Assessment Price (CAP) consultation: 22 February 2021

Credit Assessment Price (CAP) consultation: 22 February 2021

We invite Parties to indicate whether they agree with the proposal to decrease the value of CAP to £54/MWh from last notified value of £64/MWh.

View Credit Assessment Price (CAP) consultation: 18 January 2021

Credit Assessment Price (CAP) consultation: 18 January 2021

We invite Parties to indicate whether they agree with the proposal to increase the value of CAP to £64/MWh from last notified value of £62/MWh.

View Credit Assessment Price (CAP) consultation: 21 December 2020

Credit Assessment Price (CAP) consultation: 21 December 2020

We invite Parties to indicate whether they agree with the proposal to increase the value of CAP to £60/MWh from last notified value of £56/MWh.

As the trigger level is set at 10% of the CAP value, rounded to the nearest whole pound, this would remain at  +/-£6/MWh.

View Code Change and Development Group consultation on MHH Settlement

Code Change and Development Group consultation on MHH Settlement

This CCDG consultation is your chance to have your say on the essential data items, processes and Code changes needed to deliver the MHH Settlement Target Operating Model (TOM). You can find out what the consultation is about, watch a guidance video about the consultation and download the relevant documents to complete. 

View Metering Dispensations D505 Consultation

Metering Dispensations D505 Consultation

This is a public industry consultation on Metering Dispensation D505. We seek views from BSC Parties expressing their views or providing any further evidence on any of the matters contained within the consultation on D505.

View Credit Assessment Price (CAP) consultation: 7 September 2020

Credit Assessment Price (CAP) consultation: 7 September 2020

We have issued a consultation paper on the value of Credit Assessment Price (CAP).  We invite Parties to indicate whether they agree with the proposal to increase the value of CAP to £56/MWh from last notified value of £46/MWh.

View Consultation on the Market Index Definition Statement Review 2020

Consultation on the Market Index Definition Statement Review 2020

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.

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

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

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.

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

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

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.

View Credit Assessment Price (CAP) consultation: 10 August

Credit Assessment Price (CAP) consultation: 10 August

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.

View Credit Assessment Price (CAP) consultation: 6 July 2020

Credit Assessment Price (CAP) consultation: 6 July 2020

The Credit Assessment Price (CAP) is used in the Energy Indebtedness calculations to convert Credit Cover into an energy value. 

View Issue 89 Request for Information

Issue 89 Request for Information

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.

View Credit Assessment Price (CAP) consultation: 25 March 2020

Credit Assessment Price (CAP) consultation: 25 March 2020

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 £32/MWh from the last notified 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 Wednesday 15 April 2020, 10 Business Days after the consultation closes. The trigger level will also decrease to
+/- £3/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. However today, Monday 30 March, the Reference Price is £29.68/MWh, and therefore the Credit Committee decided to confirm a new CAP value of £30/MWh.

On Thursday 16 April 2020, the CAP value will decrease from £36/MWh to £30/MWh. As a result, Parties may notice a change in their Credit Cover Percentage, and should review the amount of Credit Cover lodged.
The CAP review trigger level value will also reduce at +/- £3/MWh.

View Credit Assessment Price (CAP) consultation: 10 February 2020

Credit Assessment Price (CAP) consultation: 10 February 2020

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.

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

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

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.

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

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

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.

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

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

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.

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

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

Elexon has received a new GSP registration application from the National Electricity Transmission System Operator.  UK Power Networks are connecting two new circuits into the Richborough 132kV substation. 

View Consultation on the Market Index Definition Statement Review 2019

Consultation on the Market Index Definition Statement Review 2019

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.

View Credit Assessment Price (CAP) consultation: 9 September 2019

Credit Assessment Price (CAP) consultation: 9 September 2019

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.

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

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

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.

View Changes to the CAP Review Process: 12 August 2019

Changes to the CAP Review Process: 12 August 2019

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.

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

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

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.  

View Credit Assessment Price (CAP) consultation: 10 June 2019

Credit Assessment Price (CAP) consultation: 10 June 2019

This consultation seeks respondents’ views on decreasing the CAP £41/MWh from the last notified value of £48/MWh. 

Response

Please email responses to [email protected] using the pro-forma below by 17:00 on Tuesday 18 June 2019.

View DWG’s consultation on transitioning to Market-wide Half Hourly Settlement

DWG’s consultation on transitioning to Market-wide Half Hourly Settlement

The DWG has developed its approach for transitioning from the current Settlement arrangements to the Target Operating Model (TOM) for Market-wide Half Hourly Settlement (MHHS).

This consultation is your opportunity to comment on the transition approach as developed by the DWG, before Ofgem makes the final decision whether to approve it.

MHHS is a fundamental reform that will affect both existing and future participants in the energy market. The DWG therefore encourages views from all stakeholders.

Responses

Please email responses to [email protected] using the response form by 08:00 on 8 July 2019.

Further information

You can find more information about the DWG on the Design Working Group page of our website.

View Credit Assessment Price consultation: 4 March 2019

Credit Assessment Price consultation: 4 March 2019

Following a decrease in forward market prices, a Credit Assessment Price (CAP) review was triggered. We have issued a consultation paper on the value of the Credit Assessment Price.

We propose to decrease the value of CAP to £49/MWh from the last notified CAP value of £56/MWh.

View DWG’s preferred TOM for Market-wide Half Hourly Settlement consultation

DWG’s preferred TOM for Market-wide Half Hourly Settlement consultation

This consultation seeks views on the Target Operating Model (TOM) developed by the Design Working Group (DWG), before Ofgem makes the final decision on whether to approve it. Market-wide Half Hourly Settlement (MHHS) is a fundamental reform which will impact both existing and future participants in the energy market. The DWG therefore encourages views from all stakeholders.

View Credit Assessment Price (CAP) consultation: 4 February 2019

Credit Assessment Price (CAP) consultation: 4 February 2019

This consultation seeks respondents’ views on decreasing the CAP to £56/MWh from the last agreed value of £68/MWh.

Elexon has produced a set of data visualisation graphs that show the reference CAP and the live CAP and are used by Elexon to support the regular CAP Review process.

  • More on data graphs and calculating new CAP values

Response

Please email responses to [email protected] using the pro-forma below by 17:00 Tuesday 12 February 2019.

View Credit Assessment Price Consultation 5 November 2018

Credit Assessment Price Consultation 5 November 2018

We have issued a consultation paper on the value of Credit Assessment Price (CAP) . We invite Trading Parties to indicate whether they agree with the proposal to decrease the value of CAP to £68/MWh from its current approved level of £75/MWh.

Responses

You are invited to respond to this consultation using the consultation proforma. Please email your responses to [email protected] by 17:00 on Tuesday 13 November 2018. 

View Consultation on reducing CADL and DMAT parameters in 2018

Consultation on reducing CADL and DMAT parameters in 2018

We issued a consultation on the value of the pricing parameters De Minimis Acceptance Threshold (DMAT) and Continuous Acceptance Duration Limit (CADL). These parameters are used to classify and remove actions as part of the Imbalance Price Calculation.

We are proposing reducing CADL from 15 minute to 10 minutes and reducing DMAT from 1MWh to 0.1MWh.

  • Elexon Insights: What’s the impact of changing DMAT and CADL?

Responses

If you have any views on views on the CADL and DMAT review,  please respond using the consultation response form and send your responses, entitled “CADL / DMAT Review 2018”, to  [email protected] by 17:00 on Friday 9 November 2018.

View Consultation on how to align BSC reporting with EMR Regulations

Consultation on how to align BSC reporting with EMR Regulations

The Schedule of EMR Settlement Data (which was agreed by Elexon, LCCC, ESC and EMRS in 2015) specifies that EMRS will be provided with a BM Unit Gross Demand Report, containing the gross demand data that EMRS requires in order to calculate the payments due from each licensed Supplier.

But, since then, Elexon has become aware of two evolutions:

  • In July 2017, BEIS and Ofgem published their joint Smart Systems and Flexibility Plan. This plan makes clear that BEIS and Ofgem now interpret the definition of ‘supply’ in the Electricity Act as meaning that the Supplier Obligation is not payable in relation to supply to premises occupied by a generator licence holder for the purpose of carrying out activities authorised under the generation licence, even if the generation is not ‘Licensable’.
  • Elexon has been approached by parties seeking to facilitate exempt supply (by the operators of community generation assets to local customers) under the class A supply licence exemption. Because this supply is not being made by a licensed Supplier it should not be subject to EMR charges, but currently the BM Unit Gross Demand Report sent to EMRS includes these volumes in the gross demand for the licensed Supplier who has registered metering on behalf of the exempt supplier.

The consultation document seeks views on how we should progress interim and enduring solutions to these issues. The BSC Panel will consider responses to the consultation at their meeting on 8 November 2018.

View MIDS Review 2018 Consultation

MIDS Review 2018 Consultation

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 to the MIDS timeband descriptions are recommended following BSC Modification P342, which decoupled the Submission Deadline for Energy Contract Volume Notifications (ECVNs) and Metered Volume Reallocation Notifications (MVRNs) from Gate Closure. BSC Modification P342 was implemented in November 2017.

Response

Please respond using the consultation response form and send your responses, entitled  ‘MIDS Review 2018 Consultation’ , to [email protected]  by 17.00 on Monday 22 October 2018.

View P350 draft reference network mapping statement for Reference Year 2017-18

P350 draft reference network mapping statement for Reference Year 2017-18

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 14 September 2018.

View Consultation for allocation of a new GSP to a GSP Group

Consultation for allocation of a new GSP to a GSP Group

Elexon has received a new GSP registration application from the Transmission Company.

Southern Electric Power Distribution (SEPD) is connecting two new circuits into the existing East Claydon 132kV substation. This new Systems Connection Point will be registered in Settlement as a new GSP, to be known as East Claydon – Southern GSP (ECLA_H).

The Transmission Company propose that GSP ECLA_H is allocated to the Southern (_H) GSP Group.

A diagram showing the proposed change is included in the consultation document.

Responses

If you have any views on the allocation of the above GSPs to GSP Groups, please respond using the consultation response form and send your responses, entitled “East Claydon – Southern GSP Consultation”, to [email protected] by 17:00 on Tuesday 11 September 2018.

View Credit Assessment Price Consultation 28 August 2018

Credit Assessment Price Consultation 28 August 2018

We  issued a consultation paper on the value of Credit Assessment Price (CAP) . We invite Trading Parties to indicate whether they agree with the proposal to increase the value of CAP to £70/MWh from its current approved level of £59/MWh

View Credit Assessment Price Consultation 16 July 2018

Credit Assessment Price Consultation 16 July 2018

We issued a consultation paper on the value of Credit Assessment Price (CAP). We invite Trading Parties to indicate whether they agree with the proposal to increase the value of CAP to £59/MWh from its current approved level of £53/MWh.

Outcome

The consultation closed on Tuesday 24 July 2018. All responses were in agreement with the proposed value and therefore, in accordance with the CAP Review Guidance, a Credit Committee meeting will not be held.

On Wednesday 15 August 2018, the CAP value will increase from £53/MWh to £59/MWh. As a result, Parties may notice a change in their Credit Cover Percentage, and should review the amount of Credit Cover lodged.

The CAP review trigger level value will remain at its current value of +/- £6/MWh.

View P350: Consultation on Methodology for Load Periods and Sample Settlement Periods 19 June 2018

P350: Consultation on Methodology for Load Periods and Sample Settlement Periods 19 June 2018

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).

We encourage you to respond to this consultation using the consultation pro-forma. The consultation period will end on Tuesday 03 July 2018 at 17:00. Please return responses to: [email protected].

At the end of the consultation period, Elexon will consider all responses and, if required, update the methodology accordingly. The methodology, along with all consultation responses, will be presented to the Imbalance Settlement Group (ISG) meeting in July to request approval of both the methodology and actual LPs and SSPs.

Upon approval, Elexon will publish the actual LPs and SSPs on the website on or before 31 August 2018. 

View Credit Assessment Price Consultation 08 May 2018

Credit Assessment Price Consultation 08 May 2018

A trigger event has occurred, meaning that the absolute difference between the CAP and the reference price is greater than the upper trigger level of £6/MWh. As a result, a consultation on a new CAP value has commenced. You are invited to respond to this consultation using the consultation proforma.

The consultation period will end on Tuesday 15 May 2018 at 17:00. Please return responses to [email protected].

Following the end of the consultation period, if required, the Credit Committee will try to meet on the week commencing 14 May 2018 to consider the responses, and decide whether to change the current CAP value and the trigger level.

Any change will be notified to all BSC Parties, and the new value will come into effect at least 15 Working Days later. If a Credit Committee meeting is not required at the end of the consultation period, the new CAP value of £53/MWh will be implemented on Thursday 7 June 2018.

Outcome 

The consultation closed on Tuesday 15 May 2018. All responses were in agreement with the proposed value and therefore, in accordance with the CAP Review Guidance, a Credit Committee meeting will not be held. 

On Thursday 7 June 2018, the CAP value will increase from £47/MWh to £53/MWh. As a result, Parties may notice a change in their Credit Cover Percentage, and should review the amount of Credit Cover lodged.

The CAP review trigger level value will remain at its current value of +/- £6/MWh.

View DWG Consultation Skeleton Target Operating Models 2018

DWG Consultation Skeleton Target Operating Models 2018

This consultation has been prepared by the Design Working Group to inform stakeholders about the skeleton TOMs and seeks your input on the design and evaluation work to date.

The TOM design work has been developed for Ofgem by the Elexon-chaired Design Working Group. The Group has met monthly since October and produced five high level ‘skeleton’ TOM options, as set out in this consultation. We have approved the skeleton TOMs, concluding the first stage of the TOM design work.

The Design Working Group will now, through this consultation and a stakeholder seminar, seek stakeholder views on the skeleton TOMs to inform them as they proceed to stage 2, which is where the detailed design of the skeleton TOMs will be undertaken.

View Consultation for Allocation of New Grid Supply Points to a GSP Groups

Consultation for Allocation of New Grid Supply Points to a GSP Groups

Elexon has received three new GSP registrations application from the Transmission Company.  All relate to the reconfiguration of existing assets.

Harris GSP and Stornoway GSP (North of Scotland)

There are two proposed new GSPs on the Scottish Western Isles, to be known as Harris GSP (GSP HARG_P) and Stornoway GSP (GSP STOR_P).

The Transmission Company propose that both GSP HARG_P and GSP STOR_P are allocated to the North of Scotland (_P) GSP Group.

Ferrybridge (Yorkshire)

NPG Yorkshire (YEDB) is the current Registrant of an existing Distribution System Connection Point (DSCP) (FERRB9) at Ferrybridge B 132kV substation. NPG Yorkshire intends to de-register the DSCP and instead register these circuits as a new GSP FERRB_M to feed the Yorkshire (_M) GSP Group.

The Transmission Company propose that GSP FERRB_M is allocated to the Yorkshire (_M) GSP Group.

Responses

If you have any views on the allocation of the above GSPs to GSP Groups, please respond using the consultation response form and send your responses, entitled “Harris, Stornoway and Ferrybridge GSP Registration”, to [email protected] by 17:00 on Monday 12 March 2018.

View Credit Assessment Price (CAP) Review Consultation: 5 February 2018

Credit Assessment Price (CAP) Review Consultation: 5 February 2018

We invite Trading Parties to indicate whether they agree with the proposal to decrease the vaule of the CAP to £47/MWh from the last notified value of £55/MWh.

View Generic Metering Dispensation Consultation: D/477

Generic Metering Dispensation Consultation: D/477

SP Manweb plc has applied for a lifetime generic Metering Dispensation (D/477). This consultation seeks views from Registrants and other interested parties. Responses will  be considered by the Imbalance Settlement Group (ISG) and Supplier Allocation Group (SVG), who will decide whether to grant the Dispensation.

View Data review for the Market Index Definition Statement – 2017

Data review for the Market Index Definition Statement – 2017

The Market Index Definition Statement (MIDS) defines the way the Market Index Price is calculated. We review the MIDS annually, as required by the Balancing and Settlement Code (BSC).

Our analysis shows that the current Individual Liquidity Threshold (ILT), timeband and product weightings remain suitable for 2017/18. We are seeking views on whether Parties agree that the current parameters should remain unchanged.

View Credit Assessment Price (CAP) review consultation: 21 August 2017

Credit Assessment Price (CAP) review consultation: 21 August 2017

We invite Trading Parties to indicate whether they agree with the proposal to increase the vaule of the CAP to £50/MWh from the last notified value of £43/MWh.

View Changes to the CAP review process consultation: 18 April 2017

Changes to the CAP review process consultation: 18 April 2017

We invite Trading Parties to indicate whether they agree with the proposal to improve the efficiency of the process by automatically setting the CAP to the breached reference price unless at least one BSC Party or a Credit Committee member requests a meeting to be held. These proposed changes will allow for a more efficient process whilst maintaining the necessary levels of control around the CAP value.

View Credit Assessment Price (CAP) review consultation: 20 March 2017

Credit Assessment Price (CAP) review consultation: 20 March 2017

We invite Trading Parties to indicate whether they agree with the proposal to decrease the value of CAP to £44/MWh from its lastest approved level of £49/MWh.

View Credit Assessment Price (CAP) review consultation: 13 February 2017

Credit Assessment Price (CAP) review consultation: 13 February 2017

We invite Trading Parties to indicate whether they agree with the proposal to decrease the value of CAP to £52/MWh from its current level of £57/MWh.

View Credit Assessment Price (CAP) review consultation: 10 January 2017

Credit Assessment Price (CAP) review consultation: 10 January 2017

We invite Trading Parties to indicate whether they agree with the proposal to decrease the value of CAP to £57/MWh from its current level of £63/MWh.

View Review of Metering Dispensations and non-standard BM Units

Review of Metering Dispensations and non-standard BM Units

This consultation seeks respondent’s views on our recent review of Metering Dispensations and non-standard Balancing Mechanism (BM) Unit applications.

View Credit Assessment Price (CAP) consultation: 29 November 2016

Credit Assessment Price (CAP) consultation: 29 November 2016

This consultation seeks respondents’ views on decreasing the CAP to £88/MWh from the last agreed value of £106/MWh. Please email responses to [email protected] using the profroma below by 17:00 Tuesday 6 December 2016.

View MIDS Consultation

MIDS Consultation

This Consultation relates to the update of the two Market Index Data Provider (MIDP) details in the Market Index Definition Statement (MIDS).

View Credit Assessment Price (CAP) consultation: 8 November 2016

Credit Assessment Price (CAP) consultation: 8 November 2016

This consultation seeks respondents’ views on increasing the CAP to £110/MWh or a higher value between £120/MWh and £125/MWh from the last agreed value of £98/MWh. Please email responses to [email protected] using the profroma below by 17:00 Tuesday 15 November 2016.

View Credit Assessment Price (CAP) consultation: October 2016

Credit Assessment Price (CAP) consultation: October 2016

This consultation seeks respondents’ views on increasing the CAP to £68/MWh from the last agreed value of £53/MWh. Please email responses to [email protected] using the profroma below by 17:00 Tuesday 18 October 2016.

View Credit Assessment Price (CAP) consultation: September 2016

Credit Assessment Price (CAP) consultation: September 2016

This consultation seeks respondents’ views on increasing the CAP to £51/MWh from the current value of £42/MWh. Please email responses to [email protected] using the profroma below by 17:00 Tuesday 27 September 2016.

View MIDS review 2016 consultation

MIDS review 2016 consultation

The Market Index Definition Statement (MIDS) defines the way the Market Index Price – used to determine the ‘reverse’ Energy Imbalance Price – is calculated. We review the MIDS annually, as required by the Balancing Settlement Code (BSC).

Our analysis shows that the current Individual Liquidity Threshold (ILT), timeband and product weightings remain suitable for 2016/17. We are seeking views on whether Parties agree that the current parameters should remain unchanged.

View Credit Assessment Price (CAP) consultation: August 2016

Credit Assessment Price (CAP) consultation: August 2016

This consultation seeks respondents’ views on increasing the CAP to £42/MWh from the current value of £38/MWh. Please email responses to [email protected] using the profroma below by 17:00 Tuesday 16 August 2016.

View Credit Assessment Price (CAP) consultation: June 2016

Credit Assessment Price (CAP) consultation: June 2016

This consultation seeks respondents’ views on increasing the CAP to £37/MWh from the current value of £33/MWh. Please email responses to [email protected] using the profroma below by 17:00 Tuesday 21 June 2016.

View Credit Assessment Price (CAP) consultation: February 2016

Credit Assessment Price (CAP) consultation: February 2016

This consultation seeks respondents’ views on reducing the CAP to £33/MWh from the current value of £38/MWh. Please email responses to [email protected] using the profroma below by 17:00, Tuesday 1 March 2016.

View Credit Assessment Price (CAP) process review consultation

Credit Assessment Price (CAP) process review consultation

This consultation seeks respondents’ views on on options to improve the CAP setting and implementation process. Responses will be presented to the Credit Committee at its March 2016 meeting.

View Credit Assessment Price (CAP) Review Consultation

Credit Assessment Price (CAP) Review Consultation

This consultation seeks respondents’ views on reducing the Credit Assessment Price (CAP) to £37/MWh from the current value of £42/MWh. The CAP is used in the Credit Cover calculation and a change to CAP can impact the amount of Credit Cover required by a Trading Party.

 

View Risk Operating Plan (ROP) 2016/17 Consultation

Risk Operating Plan (ROP) 2016/17 Consultation

This consultation asks respondents to review the Risk Operating Plan (ROP) 2016/17, and to submit any comments to [email protected] by 18 December 2015. Responses to this consultation will be presented to the Performance Assurance Board (PAB) meeting in February 2016.
If you have any questions on this document please contact Melinda Anderson on 020 7380 4019.

View Credit Assessment Price (CAP) Review Consultation

Credit Assessment Price (CAP) Review Consultation

This consultation seeks respondents’ views on reducing the (CAP) to £42/MWh from the current value of £47/MWh. CAP is used in the Credit Cover calculation and a change to CAP can impact the amount of Credit Cover required by a Trading Party.

 

View Data review for the Market Index Definition Statement 2015

Data review for the Market Index Definition Statement 2015

Our yearly analysis shows that the current Individual Liquidity Threshold (ILT), timeband weightings and product weightings remain suitable for 2015/16. We are now seeking views on whether the MIDS will remain fit for purpose following implementation of a Single Imbalance Price in November 2015.

My BSC

Click on the X next to any of the icons to replace them with a short-cut link to the page you are currently on or search for a specific page.