Glossary

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.

(Showing items 51-100 of 246)

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View Consultation on CAP increase to £330/MWh from 17 August 2022

Consultation on CAP increase to £330/MWh from 17 August 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £330/MWh from 17 August 2022. This two-day consultation will close at 17:00 on 2 August 2022.


Outcome

On Wednesday 17 August 2022, the CAP value will increase to £330/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03644

View Consultation: Credit Assessment Price increase to £300/MWh from 9 August 2022

Consultation: Credit Assessment Price increase to £300/MWh from 9 August 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £300/MWh from 9 August 2022. This two-day consultation will close at 17:00 on 25 July 2022.


Outcome

On Tuesday 9 August 2022, the CAP value will increase to £300/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03635

View Consultation: Credit Assessment Price increase to £270/MWh from 26 July 2022

Consultation: Credit Assessment Price increase to £270/MWh from 26 July 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £270/MWh from 26 July 2022. This two-day consultation will close at 17:00 on 8 July 2022.


Outcome

On Tuesday 26 July 2022, the CAP value will increase to £270/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03626

View Consultation: Credit Assessment Price increase to £215/MWh from 8 July 2022

Consultation: Credit Assessment Price increase to £215/MWh from 8 July 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £215/MWh from 8 July 2022. This two-day consultation will close at 17:00 on 23 June 2022.


Outcome

On Friday 8 July 2022, the CAP value will increase to £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03615

View Data Release Consultation: Data Relating to Default Funding Share (DR343096)

Data Release Consultation: Data Relating to Default Funding Share (DR343096)

Seeking views from industry on data requests received, prior to the Balancing Mechanism Reporting Service Change Board (BCB) making a determination on whether to release requested data.

View Consultation: Credit Assessment Price change to £190/MWh from 1 June 2022

Consultation: Credit Assessment Price change to £190/MWh from 1 June 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £190/MWh from 1 June 2022. This two-day consultation will close at 17:00 on 17 May 2022.


Outcome

The Credit Committee held a meeting today, 30 May 2022, and decided to postpone the implementation date of the last notified CAP of £190/MWh. It was due to go live on 1 June 2022 but this has now been postponed to 1 July 2022.

  • Elexon Circular EL035897

Previous decision

On Wednesday 1 June 2022, the CAP value will increase to £190/MWh from the current CAP of £177/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03586

View Metering Dispensation consultation on remaining Class 2 Meters and Class 0.5 CT

Metering Dispensation consultation on remaining Class 2 Meters and Class 0.5 CT

We are seeking views from BSC Parties on whether they support the proposed Metering Dispensation (D/544). This Metering Dispensation is giving the affected parties’ time to use up old existing stocks of Class 2 Meters and Class 0.5 CT’s.

View Consultation: Credit Assessment Price decrease to £177/MWh from 17 May 2022

Consultation: Credit Assessment Price decrease to £177/MWh from 17 May 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £177/MWh from the current CAP value of £215/MWh. This two-day consultation will close at 17:00 on 28 April 2022.


Outcome

On Tuesday 17 May 2022, the CAP value will decrease to £177/MWh from the current CAP of £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03573

View Consultation for Allocation of a new Grid Supply Point at Axminster

Consultation for Allocation of a new Grid Supply Point at Axminster

ELEXON has received a new GSP registration application from the National Electricity Transmission System Operator (NETSO) relating to two new circuits at Axminster. BSC Parties are invited to respond to this consultation using the proforma available.

View Risk Operating Plan 2022/23 consultation

Risk Operating Plan 2022/23 consultation

We invite you to comment on the Risk Operating Plan (ROP) for 2022/23. The ROP provides an overview of planned activities undertaken by the Performance Assurance Administrator (PAA) as part of the Performance Assurance annual cycle.

View Consultation on CAP change to £235/MWh from 20 April 2022

Consultation on CAP change to £235/MWh from 20 April 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £235/MWh. This two-day consultation will close at 17:00 on 31 March 2022. Please note the previously notified CAP value of £250/MWh is confirmed to go live on 1 April 2022. The last notified CAP value is £215 which is due to go live on 8 April provided it is not withdrawn by the Credit Committee before implementation.


Outcome

The Credit Committee has decided to withdraw the last notified CAP of £235/MWh before implementation on 21 April 2022. This means the current CAP value of £215/MWh remains valid until the Credit Committee sets the next CAP value and its implementation date.

The Credit Committee has been monitoring the market very closely and has decided that the CAP value of £235/MWh would no longer be reflective of market data for implementation from 21 April.

  • Elexon Circular EL03562
  • Elexon Circular EL03566

View Consultation on CAP decrease to £215/MWh from 8 April 2022

Consultation on CAP decrease to £215/MWh from 8 April 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £215/MWh. This two-day consultation will close at 17:00 on 24 March 2022.

Please note the last notified CAP value of £250/MWh will still go ahead on 1 April 2022.


Outcome

On Friday 8 April 2022, the CAP value will decrease to £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Circular EL03554

View Consultation: Credit Assessment Price decrease to £250/MWh from 1 April 2022

Consultation: Credit Assessment Price decrease to £250/MWh from 1 April 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £250/MWh. This two-day consultation will close at 10am on 18 March 2022. Please note the last notified CAP value of £330/MWh will still go live on 17 March 2022.


Outcome

There were no consultation responses therefore the CAP value will decrease to the proposed value of £250/MWh on 1 April 2022. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged. See Elexon Circular EL03549


View Data Release Consultation: P114 Data Items

Data Release Consultation: P114 Data Items

Seeking views from industry on data requests received, prior to the Balancing Mechanism Reporting Service Change Board (BCB) making a determination on whether to release requested data.

View Consultation on CAP increase to £231/MWh from 17 March 2022

Consultation on CAP increase to £231/MWh from 17 March 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £231/MWh. This two-day consultation will close at 17.00 on 2 March 2022.


Outcome

Following a consultation on the value of the CAP which we issued on 28 February, the Credit Committee has decided that the consulted on CAP value of £231/MWh (for implementation on 17 March 2022) is no longer reflective of market data.

Based on the latest market data available, the Credit Committee has set a new CAP of £330/MWh to be implemented on 17 March.

  • Elexon Circular EL03542

View Consultation on CAP decrease to £175/MWh from 8 March 2022

Consultation on CAP decrease to £175/MWh from 8 March 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £175/MWh. This two-day consultation will close at 17.00 on 21 February 2022.

Please note the last notified CAP value of £190/MWh will still go live on 22 February.


Outcome

The Credit Assessment Price (CAP) will stay at £190/MWh

The Credit Committee has decided that the consulted on CAP value of £175/MWh would no longer be reflective of market data for implementation in March. Therefore it will not be implemented unless forward market prices revert to their former downward trends very soon which will be observed very closely over the coming days until the next Credit Committee meeting.

  • Circular EL03533

View Consultation on CAP decrease to £190/MWh from 22 February 2022

Consultation on CAP decrease to £190/MWh from 22 February 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £190/MWh. This two-day consultation will close at 17.00 on 7 February 2022. Please note the last notified CAP value of £245/MWh will still go live on 8 February.


Outcome

No consultation responses were received. As a result the CAP value will decrease from £245/MWh to £190/MWh, effective from Tuesday 22 February 2022.

  • Circular EL03521

View Consultation on Risk Evaluation Register 2022/23

Consultation on Risk Evaluation Register 2022/23

We invite you to respond to the consultation on the Risk Evaluation Register (RER) which sets out potential Risk events and the affect they would likely have on the Settlement Risks during 2022/23.

View Consultation on CAP decrease to £245/MWh from 8 February 2022

Consultation on CAP decrease to £245/MWh from 8 February 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £245/MWh. This two-day consultation will close at 17.00 on 24 January 2022. Please note the last notified CAP value of £340/MWh will not go live on 25 January following a Credit Committee decision on 20 January 2022 to retain the current CAP of £305/MWh.


Outcome

The consultation closed on Monday 24 January 2021 and it received no responses. As a result the CAP will decrease to £245/MWh from its current value of £305/MWh on Tuesday 8 February 2022.

  • Elexon Circular EL03517

View Consultation on CAP increase to £340/MWh from 25 January 2022

Consultation on CAP increase to £340/MWh from 25 January 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £340/MWh. This two-day consultation will close at 17.00 on 7 January 2022. Please note the last notified CAP value of £380/MWh will not go live on 7 January following a Credit Committee decision on 5 January 2022 to retain the current CAP of £305/MWh.


Update (20 Jan 2022)

The Credit Committee has been monitoring market data and held a meeting on 20 January 2022 to decide if the last notified CAP value of £340/MWh was still reflective of the recent market data and/or to propose a new CAP value for consultation.

The Credit Committee decided to cancel the last notified CAP value of £340/MWh, which was due to go live on 25 January 2022.

They also proposed a new CAP value of £245/MWh, which will go live on 8 February 2022. The next scheduled Credit Committee meeting is on 27 January where a new CAP could potentially be proposed. Therefore, the minimum duration of the new proposed CAP (£245/MWh) will be between 8 February 2022 and 15 February 2022.

We have provided more information on the rationale for this proposed CAP on the consultation webpage. Parties are invited to respond by 17:00 on Monday 24 January 2022.

  • Consultation on CAP decrease to £245/MWh from 8 February 2022
  • Elexon Circular EL03514

Outcome (10 Jan 2022)

On Tuesday 25 January 2022, the CAP value will increase to £340/MWh from current value of £305/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Circular EL03506

View Metering Dispensation consultation enabling Meter installation to pre-CP1527 implementation CoPs for 18 months

Metering Dispensation consultation enabling Meter installation to pre-CP1527 implementation CoPs for 18 months

We are seeking views from BSC Parties on whether they support the proposed Metering Dispensation (D/535) given the current Meter shortage issues and the ongoing struggles with obtaining crucial components for the manufacture of new Meters.


Outcome (11 January)

The ISG (Imbalance Settlement Group) and SVG (Supplier Volume Allocation Group) have approved Metering Dispensations D/535 and D/536.


View Metering Dispensation consultation on re-calibration of Meters registered to CoPs 3 and 5

Metering Dispensation consultation on re-calibration of Meters registered to CoPs 3 and 5

We are seeking views from BSC Parties on whether they support the proposed Metering Dispensation (D/536) raised as part of Issue 97 and relating to Meter shortage risk driven by global materials availability and supply chain challenges.


Outcome (11 January)

The ISG (Imbalance Settlement Group) and SVG (Supplier Volume Allocation Group) have approved Metering Dispensations D/535 and D/536.


View Consultation on Credit Assessment Price increase to £380/MWh

Consultation on Credit Assessment Price increase to £380/MWh

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £380/MWh from the last notified value of £305/MWh. This two-day consultation will close at 17.00 on 20 December.


Update impacting this decision

(Published: 5 January 2022)

Please note the last notified CAP value of £380/MWh will not go live on 7 January following a Credit Committee decision on 5 January 2022 to retain the current CAP of £305/MWh.

  • Maintaining Credit Cover news

There is now a consultation (dated 5 January 2022) on increasing the Credit Assessment Price (CAP) to £340/MWh.

  • Consultation on Credit Assessment Price increase to £340/MWh from 25 January 2022

Outcome

On Friday 7 January 2022, the CAP value will increase to £380/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

In accordance with the alternative CAP Review Process the implementation period for a new CAP has been shortened to 10 working days and the CAP will be reviewed by the Credit Committee every two weeks. The next Credit Committee meeting to determine the CAP will be on 29 December 2021.

View Consultation for a generic Metering Dispensation based on D/534

Consultation for a generic Metering Dispensation based on D/534

Seagreen Wind Energy Limited (SWEL) has applied for a site specific Metering Dispensation for a solution to the issue of metering its Low Voltage Direct Current (LVDC) supplies on its Seagreen Offshore Wind Farm. SWEL would be happy for it to be generic, as long as this does not introduce any delay.

We are seeking views on whether D/534 could be made generic instead of site specific, and whether it could be adapted to be more generic by including the various solutions under D/461 and D/474 and these Metering Dispensations end dated.


Outcome (11 January)

The SVG and ISG approved D/534 as we recommended subject to the condition that the Direct Current (DC) metering solution is not used for measuring DC supplies to customers for billing purposes. We have updated the Statement of Generic Metering Dispensations to reflect their decisions. You can find more details about the consolidated solution to metering LVDC supplies on Offshore Wind Farms on the statement.


View Credit Assessment Price increase to £305/MWh

Credit Assessment Price increase to £305/MWh

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £305/MWh from the last notified value of £230/MWh. This two-day consultation closed at 17.00 on 2 December.

Outcome

The CAP value will increase to £305/MWh on Friday 17 December 2021. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

Three consultation responses disagreed with the proposed value. The Credit Committee considered the consultation responses without holding a Credit Committee meeting, so as not to hold up the implementation of the increased CAP value. These responses will also be considered in more detail at the next Credit Committee meeting, which will be in the week beginning 13 December 2021.

 

View Consultation: Credit Assessment Price decrease to £230/MWh

Consultation: Credit Assessment Price decrease to £230/MWh

We are consulting on a decrease of the CAP to £230/MWh from the last notified value of £240/MWh. This is a two day consultation, and will close at 17:00 on 18 November 2021.

Outcome

The consultation closed on Thursday 18 November 2021 and two responses disagreed with the proposed value.

The Credit Committee considered the consultation responses without holding a Credit Committee meeting, so as not to hold up the implementation of the reduced CAP value. These responses will be considered in more detail at the next Credit Committee meeting, which will be in the week beginning 29 November 2021.

  • Circular EL03457
View BSC Sandbox Consultation BSB002: application by Centrica – 15 November 2021

BSC Sandbox Consultation BSB002: application by Centrica – 15 November 2021

Elexon has issued a public industry consultation for BSC Parties and interested Third Parties to seek views on the impacts on Parties relating to the implementation of a BSC Sandbox Application by Centrica.

Centrica are seeking a derogation to enable the participation of assets located on customer sites that are not Half Hourly settled in the Balancing Mechanism. The derogation will allow Centrica to aggregate loads from storage heaters on Non-Half Hourly settled premises and use them to submit Bids into the BM.

View Consultation issued on 01 November on decrease of the CAP to £240/MWh

Consultation issued on 01 November on decrease of the CAP to £240/MWh

We are consulting on a decrease of the CAP to £240/MWh from the last notified value of £259/MWh. A change to CAP can impact the amount of Credit Cover required by a BSC Party.

View Alternative CAP Review process consultation

Alternative CAP Review process consultation

This consultation seeks views on including an alternative review process in the Credit Assessment Price (CAP) Review Guidance Document in light of volatile electricity market prices.

View Consultation issued on 4 October on increase of the CAP to £259/MWh

Consultation issued on 4 October on increase of the CAP to £259/MWh

We are consulting on an increase of the CAP to £259/MWh from the last notified value of £184/MWh. A change to CAP can impact the amount of Credit Cover required by a BSC Party.

View Consultation on the Market Index Definition Statement (MIDS) Review 2021

Consultation on the Market Index Definition Statement (MIDS) Review 2021

We are seeking your views on the annual Market Index Definition Statement (MIDS) review. If you represent BSC Parties or any other party in connection with the MIDS please respond to this online consultation.

View P350 Draft reference Network Mapping Statement consultation 2022-23

P350 Draft reference Network Mapping Statement consultation 2022-23

This consultation seeks views on the draft reference Network Mapping Statement  for use in the allocation of Transmission Loss Factors (TLFs) for BSC Year 2022-2023. 

View P350: Consultation on Methodology for Load Periods and Sample Settlement Periods 18 August 2021

P350: Consultation on Methodology for Load Periods and Sample Settlement Periods 18 August 2021

This consultation details the proposed methodology for setting Load Periods and Sample Settlement Periods used in the derivation of Zonal Transmission Loss Factors (TLFs), as required by the Balancing and Settlement Code (BSC).

View Credit Assessment Price Consultation 9 August 2021

Credit Assessment Price Consultation 9 August 2021

We have issued a consultation paper on the value of the Credit Assessment Price (CAP). We are consulting on an increase of the CAP to £113/MWh from the current value of £96/MWh. 

This consultation has now closed. See the outcome of the consultation.

View CCDG Consultation on Transition Approach For MHHS

CCDG Consultation on Transition Approach For MHHS

This consultation sets out the CCDG’s recommendations for the key stages of the Market-wide Half Hourly Settlement (MHHS) Transition, covering essential pre-migration and migration activities, and is seeking industry views on the substance of those recommendations. 

View Credit Assessment Price Consultation 5 July 2021

Credit Assessment Price Consultation 5 July 2021

We have issued a consultation paper on the value of the Credit Assessment Price (CAP). We invite Parties to indicate whether they agree with the proposal to increase the CAP to £96/MWh from the current value of £77/MWh.

View Credit Assessment Price consultation 17 May 2021

Credit Assessment Price consultation 17 May 2021

We have issued a consultation paper on the value of Credit Assessment Price (CAP). We invite Parties to indicate whether they agree with the proposal to increase the value of CAP to £77/MWh from last notified value of £70/MWh.

As the trigger level is set at 10% of the CAP value, rounded to the nearest whole pound, this would change to
+/-£8/MWh.

View Credit Assessment Price consultation 04 May 2021

Credit Assessment Price consultation 04 May 2021

We have issued a consultation paper on the value of Credit Assessment Price (CAP). We invite Parties to indicate whether they agree with the proposal to increase the value of CAP to £68/MWh from last notified value of £60/MWh.

As the trigger level is set at 10% of the CAP value, rounded to the nearest whole pound, this would change to
+/-£7/MWh.

View Credit Assessment Price consultation 12 April 2021

Credit Assessment Price consultation 12 April 2021

A trigger event has occurred, meaning that the absolute difference between the CAP and the reference price is greater than the current trigger level of +/- £5/MWh.

As a result, a consultation on a new CAP value has commenced. The consultation period will end at 17:00 on Tuesday 20 April 2021.

View Risk Operating Plan 2021/22 consultation

Risk Operating Plan 2021/22 consultation

We invite you to respond to the consultation, which sets out how Elexon, as the Performance Assurance Administrator (PAA), will seek to mitigate Settlement Risks within the Electricity Market in 2021/22. 

View Risk Evaluation Register 2021/22 consultation

Risk Evaluation Register 2021/22 consultation

We invite you to respond to the consultation, which sets out the Settlement Risks identified for 2021/22. This new format risk register is a key deliverable from the Performance Assurance Framework Review, and is designed to be more concise, informative and effective.

We will present the consultation responses to the PAB at its meeting on Thursday 25 March 2021. At this meeting, the PAB, with delegated authority from the BSC Panel, will approve the RER 2021/22 (subject to any changes it deems necessary).

Deadline

Please send all responses to the Risk team by Sunday 14 March 2021.

Download the documents

To help you respond to this consultation, we are providing the supporting Risk Evaluation Register Supporting Paper. All other documents can be found below.

View Credit Assessment Price (CAP) consultation: 22 February 2021

Credit Assessment Price (CAP) consultation: 22 February 2021

We invite Parties to indicate whether they agree with the proposal to decrease the value of CAP to £54/MWh from last notified value of £64/MWh.

View Consultation for Allocation of a New Grid Supply Point (GSP) to a GSP Group – February 2021

Consultation for Allocation of a New Grid Supply Point (GSP) to a GSP Group – February 2021

As part of a 132kV Switchgear change at Barking Central Substation, the National Electricity Transmission System Operator (NETSO) and the affected Licensed Distribution System Operator (LDSO) (UK Power Networks) are taking the opportunity to regularise the connection arrangement where supplies to two LDSO Networks (UK Power Networks (Eastern Power Networks) (EASTELEC) and UK Power Networks (London Power Networks) (LPN)) are currently the subject of a difference metering scheme.

This involves the registration of two ‘new’ GSPs to be known as BARKR_A for EASTELEC, and BARKR_C for LPN, and the eventual de-registration of the existing Grid Supply Point (GSP) BARKC1 registered to LPN and the Distribution System Connection Point (DSCP) BARKC_A registered to EASTELEC.

If you have any views on the allocation of the GSPs as described above, please respond using the consultation response form, and send to the BM unit team by 17:00 on 1 March 2021.

View BSC Sandbox Consultation BSB001: application by Emergent Energy – 12 February 2021

BSC Sandbox Consultation BSB001: application by Emergent Energy – 12 February 2021

Elexon has issued a public industry consultation for BSC Parties and interested Third Parties to seek views on the impacts on Parties relating to the implementation of a BSC Sandbox Application by Emergent Energy.

Emergent Energy are seeking a derogation to enable a trial of on-site aggregation at Private Wire Networks where domestic customers are Supplied by Third Party Suppliers. The derogation will allow Emergent Energy to submit aggregated customer readings in lieu of the sites’ boundary meter readings, eliminating double counting of energy supplied to customers with Third Party Suppliers.

View Credit Assessment Price (CAP) consultation: 18 January 2021

Credit Assessment Price (CAP) consultation: 18 January 2021

We invite Parties to indicate whether they agree with the proposal to increase the value of CAP to £64/MWh from last notified value of £62/MWh.

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