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: 18 January 2021
Summary
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.
If all respondents and Credit Committee members agree with the proposed value included in the consultation document, there will be no Credit Committee meeting and the new CAP value of £64/MWh would be implemented on a proposed date of Wednesday 17 February 2021.
This page will be updated following the conclusion of the consultation to confirm the proposed CAP value and implementation date, or state a Credit Committee meeting will be held.
How do I respond?
You are invited to respond to this consultation using the consultation proforma.
Please submit your responses to by 17:00 on 26 January 2021.
Credit Assessment Price (CAP) consultation: 21 December 2020
Summary
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.
If all respondents and Credit Committee members agree with the proposed value included in the consultation document, there will be no Credit Committee meeting and the new CAP value of £60/MWh would be implemented on a proposed date of Wednesday 27 January 2021.
This page will be updated following the conclusion of the consultation to confirm the proposed CAP value and implementation date, or state a Credit Committee meeting will be held.
Outcome
All responses and Credit Committee members were not in agreement with the proposed value and therefore, in accordance with the CAP Review Guidance, a Credit Committee meeting was held.
Decision on a new CAP
The Credit Committee decided the CAP will increase to £62/MWh – not the proposed £60/MWh – from the current value of £56/MWh. This will be effective from Wednesday 27 January 2021.
This decision was made at a Credit Committee meeting on Wednesday 6 January 2021. The Committee considered the latest February, March and April 2021 forward prices and the factors leading to their increase since the consultation paper was issued.
Change in Credit Cover Percentage
Parties may notice a change in their Credit Cover Percentage as a result of the new CAP, and should review the amount of Credit Cover lodged.
Code Change and Development Group consultation on MHH Settlement
Summary
The switch over to MHH Settlement will require major changes to the BSC, as well as other electricity codes. In Q4 2019, Ofgem:
- gave its preliminary approval to the MHH Settlement TOM developed by the Elexon-led Design Working Group (DWG); and
- established the Elexon-led Code Change and Development Group (CCDG) to develop the lower-level detail of the DWG’s TOM design.
The primary impacts of MHH Settlement will be on Suppliers, Supplier Agents and Distributors.
Key changes covered
The key changes covered in this consultation are:
- TOM requirements for the BSC, covering central Settlement and all market participants
- a new Smart Energy Code (SEC) User role to access the Half Hourly Settlement data from the Smart Meter
- Distribution Connection and Use of System Agreement (DCUSA) changes for Unmetered Supplies
- changes to data items and processes (including registration data) under the BSC and Retail Energy Code (REC).
Summary video
Our summary video presented by Justin Andrews, Head of Design Authority at Elexon, explains the role of the CCDG and the purpose of the new consultation.
Focus of the consultation
The CCDG’s consultation:
- sets out how it has developed the lower-level detail on specific outstanding areas of the DWG’s TOM design.
- outlines new data items/processes and explains why some data items will no longer be required.
- covers remaining outstanding areas and dependencies on other industry change.
- includes matrices that set out the sections of each Industry Code that need amending, the nature of the changes required and any dependencies on other areas of change.
- gives an assessment of the detailed design against Ofgem’s Design and Development Principles for the TOM.
Deadline
With Ofgem’s agreement, we have extended the deadline for consultation responses.
The deadline for responses has been extended until 08:00 on Friday 29 January 2021.
We are unable to extend the deadline further because of the impact this would have on Ofgem’s Significant Code Review timetable. The CCDG may therefore not be able to give full consideration to responses received after this deadline.
Webinar
A webinar that discussed the aims of the consultation in more detail took place on Wednesday 13 January 2021. This webinar will be made available and published in due course on the MHH Settlement hub page.
You can now view the slides that were presented at the Code Change and Development Group (CCDG) Consultation webinar.
About the consultation documents
When you access the documents from the section below you will find the following in downloadable folder:
- Attachment 1 – MHH Settlement Code Change matrices
- Attachment 2 – CCDG Appointments diagram
- CCDG consultation on MHH Settlement – Detailed MHH Settlement Target Operating Model Design,
Data Items and Processes - Consultation response form
If you have any problems or issues downloading or accessing any of the supporting documents on this page then please contact the CCDG secretary.
Metering Dispensations D505 Consultation
Summary
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.
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.