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: 25 March 2020
Summary
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.
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 risk@elexon.co.uk 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.
P392 Assessment Procedure Consultation
Summary
This Modification will ensure the process and responsibilities for amending BSC provisions constituting EBGL Article 18 terms and conditions reflect delegations made by NGESO in favor of the BSCCo and BSC Panel, to ensure a unified market change process. These changes are necessary to ensure the EBGL change process is followed as part of the existing BSC Change process, for all future BSC Modifications that impact the EBGL Article 18 terms and conditions found in the BSC.
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.
Response
If you have any views on the allocation of the above GSP to the South of Scotland GSP Group, please respond using the consultation response form, and send to bm.unit@elexon.co.uk by 17:00 on 6 February 2020.
Your response should be titled Tongland_1 GSP Consultation.
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 bm.unit@elexon.co.uk 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 market.operations@elexon.co.uk 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.