Consultations for all Process, Operational and Credit areas

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.

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.

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.

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.

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.

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.

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.