Consultations on Operations and Settlement

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.

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.

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.

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.

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

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.