Consultations for all Process, Operational and Credit areas
This page lists all Consultations relating to BSC and code processes, Market Entry and Compliance, and 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.
This list does not include Change Consultations.
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.
Risk Operating Plan (ROP) 2020/21
Summary
The ROP has undergone a re-assessment as part of the Performance Assurance annual cycle taking into account changes to Risk Impacts as outline in the Risk Evaluation Register 2020/21. The risks to Settlement have been identified and evaluated in line with the Risk Evaluation Methodology approved for 2019/20.
To help us process your response, please email your completed response form to [email protected] by 15 May 2020.
Risk Evaluation Register (RER) 2020/21 Industry Consultation
Summary
This Risk Evaluation Register represents a key deliverable in the Performance Assurance Framework Review and outlines a new approach to evaluating risk following our newly approved Risk Evaluation Methodology.
We are keen to ensure that you hear about these changes and understand the impact they may have on BSC Parties. With this in mind Elexon have produced a Risk Evaluation Supplimentary Information document for each risk in the Risk Evaluation Register, these can be accessed below.
This consultation asks respondents to review the Risk Evaluation Register 2020/21, and to submit any comments to [email protected] by 20 March 2020.
Responses to this consultation will be presented to the Performance Assurance Board meeting on 26 March 2020. No response will be taken to mean that you agree to the proposed changes.