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.
Metering Dispensations D505 Consultation
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
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 £56/MWh from last notified value of £46/MWh.
Consultation on the Market Index Definition Statement Review 2020
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.
Consultation for Allocation of a New Grid Supply Point (GSP) to a GSP Group – 4 September 2020
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
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
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.
Credit Assessment Price (CAP) consultation: 6 July 2020
The Credit Assessment Price (CAP) is used in the Energy Indebtedness calculations to convert Credit Cover into an energy value.
Issue 89 Request for Information
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
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.
Credit Assessment Price (CAP) consultation: 25 March 2020
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 £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.
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. However today, Monday 30 March, the Reference Price is £29.68/MWh, and therefore the Credit Committee decided to confirm a new CAP value of £30/MWh.
On Thursday 16 April 2020, the CAP value will decrease from £36/MWh to £30/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 also reduce at +/- £3/MWh.
Risk Evaluation Register (RER) 2020/21 Industry Consultation
We are proposing a revised Risk Evaluation Register in line with Performance Assurance Framework Review.
Credit Assessment Price (CAP) consultation: 10 February 2020
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
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.
Credit Assessment Price (CAP Review) process consultation: 13 January 2020
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
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
Elexon has received a new GSP registration application from the National Electricity Transmission System Operator. UK Power Networks are connecting two new circuits into the Richborough 132kV substation.
Consultation on the Market Index Definition Statement Review 2019
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 [email protected] 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
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.
P350 draft reference network mapping statement for Reference Year 2018-19
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 Friday 13 September 2019.
Changes to the CAP Review Process: 12 August 2019
We invite Trading Parties to indicate whether they agree with the proposal to set new CAP values based on the estimated reference price on the implementation date of the new CAP. We also invite Parties to indicate if they agree the trigger level (the value from which if the reference price deviates by, then a review of the CAP is triggered) should be automatically set. These proposed changes will allow for a more efficient process whilst maintaining the necessary levels of control.
Consultation for Allocation of a New Grid Supply Point (GSP) to a GSP Group 21 June 2019
Elexon has received a new GSP registration application from the Transmission Company. National Grid Electricity Transmission (NGET) is connecting a new GSP at Islington.
P350: Methodology for Load Periods and Sample Settlement Periods Consultation 19 June 2019
Modification P350 ‘Introduction of a seasonal Zonal Transmission Losses scheme’ introduced a Transmission Loss Factor (TLF) for each TLF Zone and BSC Season, so transmission losses can be allocated on a geographical basis. P350 went live on 1 April 2018.
This Consultation details the proposed methodology for setting Load Periods and Sample Settlement Periods to be used in the derivation of Zonal TLFs, as required by the Balancing and Settlement Code (BSC).
Outcome
No responses were in disagreement with using the suggest methodology to calculate the Load Periods (LPs) and Sample Settlement Periods (SSPs). The methodology, and the new LPs and SSPs for BSC Year 2020/21, were presented to the Imbalance Settlement Group (ISG) in July 2019. These were approved by the ISG and were published on the TLF Determination page of the Elexon Portal.
Credit Assessment Price (CAP) consultation: 10 June 2019
This consultation seeks respondents’ views on decreasing the CAP £41/MWh from the last notified value of £48/MWh.
Response
Please email responses to [email protected] using the pro-forma below by 17:00 on Tuesday 18 June 2019.
DWG’s consultation on transitioning to Market-wide Half Hourly Settlement
The DWG has developed its approach for transitioning from the current Settlement arrangements to the Target Operating Model (TOM) for Market-wide Half Hourly Settlement (MHHS).
This consultation is your opportunity to comment on the transition approach as developed by the DWG, before Ofgem makes the final decision whether to approve it.
MHHS is a fundamental reform that will affect both existing and future participants in the energy market. The DWG therefore encourages views from all stakeholders.
Responses
Please email responses to [email protected] using the response form by 08:00 on 8 July 2019.
Further information
You can find more information about the DWG on the Design Working Group page of our website.
Credit Assessment Price consultation: 4 March 2019
Following a decrease in forward market prices, a Credit Assessment Price (CAP) review was triggered. We have issued a consultation paper on the value of the Credit Assessment Price.
We propose to decrease the value of CAP to £49/MWh from the last notified CAP value of £56/MWh.
DWG’s preferred TOM for Market-wide Half Hourly Settlement consultation
This consultation seeks views on the Target Operating Model (TOM) developed by the Design Working Group (DWG), before Ofgem makes the final decision on whether to approve it. Market-wide Half Hourly Settlement (MHHS) is a fundamental reform which will impact both existing and future participants in the energy market. The DWG therefore encourages views from all stakeholders.
Risk Operating Plan (ROP) 2019/20 Consultation
This consultation sets out Elexon’s proposed plan to mitigate Settlement Risks in 2019/20. Elexon asks that respondents review the Risk Operating Plan (ROP) 2019/20, and to submit any comments to to [email protected] by 22 February 2019.
Responses to this consultation will be presented to the Performance Assurance Board (PAB) meeting on Thursday 28 March 2019.
Webinar
Elexon hosted an education webinar on 12 February to help you respond to this Risk Operating Plan consultation.
Risk Operating Plan webinar from Elexon on Vimeo.
Credit Assessment Price (CAP) consultation: 4 February 2019
This consultation seeks respondents’ views on decreasing the CAP to £56/MWh from the last agreed value of £68/MWh.
Elexon has produced a set of data visualisation graphs that show the reference CAP and the live CAP and are used by Elexon to support the regular CAP Review process.
- More on data graphs and calculating new CAP values
Response
Please email responses to [email protected] using the pro-forma below by 17:00 Tuesday 12 February 2019.
Risk Evaluation Register (RER) 2019/20 Industry Consultation
This consultation asks respondents to review the Risk Evaluation Register 2019/20, and to submit any comments to [email protected] by 21 December 2018.
We are proposing a revised Risk Evaluation Register in line with Performance Assurance Framework Review. Responses to this consultation will be presented to the Performance Assurance Board meeting on 31 January 2019. No response will be taken to mean that you agree to the proposed changes.
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 here.
Webinar
To help you respond to this consultation, we will host an education webinar on 11th December at 10:00am to provide an overview of the new register, and offer participants the opportunity to ask questions.
Recommended attendees for these seminars would be all Performance Assurance Parties, in particular any persons in Compliance, Risk or Operational Settlement roles.
Please register here if you would like to attend the webinar.
Credit Assessment Price Consultation 5 November 2018
We have issued a consultation paper on the value of Credit Assessment Price (CAP) . We invite Trading Parties to indicate whether they agree with the proposal to decrease the value of CAP to £68/MWh from its current approved level of £75/MWh.
Responses
You are invited to respond to this consultation using the consultation proforma. Please email your responses to [email protected] by 17:00 on Tuesday 13 November 2018.
Consultation on reducing CADL and DMAT parameters in 2018
We issued a consultation on the value of the pricing parameters De Minimis Acceptance Threshold (DMAT) and Continuous Acceptance Duration Limit (CADL). These parameters are used to classify and remove actions as part of the Imbalance Price Calculation.
We are proposing reducing CADL from 15 minute to 10 minutes and reducing DMAT from 1MWh to 0.1MWh.
- Elexon Insights: What’s the impact of changing DMAT and CADL?
Responses
If you have any views on views on the CADL and DMAT review, please respond using the consultation response form and send your responses, entitled “CADL / DMAT Review 2018”, to [email protected] by 17:00 on Friday 9 November 2018.
Consultation on how to align BSC reporting with EMR Regulations
The Schedule of EMR Settlement Data (which was agreed by Elexon, LCCC, ESC and EMRS in 2015) specifies that EMRS will be provided with a BM Unit Gross Demand Report, containing the gross demand data that EMRS requires in order to calculate the payments due from each licensed Supplier.
But, since then, Elexon has become aware of two evolutions:
- In July 2017, BEIS and Ofgem published their joint Smart Systems and Flexibility Plan. This plan makes clear that BEIS and Ofgem now interpret the definition of ‘supply’ in the Electricity Act as meaning that the Supplier Obligation is not payable in relation to supply to premises occupied by a generator licence holder for the purpose of carrying out activities authorised under the generation licence, even if the generation is not ‘Licensable’.
- Elexon has been approached by parties seeking to facilitate exempt supply (by the operators of community generation assets to local customers) under the class A supply licence exemption. Because this supply is not being made by a licensed Supplier it should not be subject to EMR charges, but currently the BM Unit Gross Demand Report sent to EMRS includes these volumes in the gross demand for the licensed Supplier who has registered metering on behalf of the exempt supplier.
The consultation document seeks views on how we should progress interim and enduring solutions to these issues. The BSC Panel will consider responses to the consultation at their meeting on 8 November 2018.
Risk Evaluation Methodology (REM) 2019/20 Industry Consultation
This consultation asks respondents to review the Risk Evaluation Methodology 2019/20, and to submit any comments to [email protected] by 22 October 2018.
We are proposing a revised Risk Evaluation Methodology in line with Performance Assurance Framework Review. Responses to this consultation will be presented to the Performance Assurance Board meeting on 29 November 2018. No response will be taken to mean that you agree to the proposed changes.
This Risk Evaluation Methodology represents a key step in the Performance Assurance Framework Review and outlines a new approach to evaluating risk. We are keen to ensure that you hear about these changes and understand the impact they may have on BSC Parties. This change will also likely impact how we evaluate PAP risk contribution.
Webinar
To help you respond to this consultation, we will host a number of education webinars to provide an overview of the new methodology, and offer participants the opportunity to ask questions.
Recommended attendees for these seminars would be all Performance Assurance Parties, in particular any persons in Compliance, Risk or Operational Settlement roles.
The webinar dates are:
- Friday 5 October at 10:30
- Monday 15 October at 15:00
If you would like to attend either of these webinars, please email [email protected].
MIDS Review 2018 Consultation
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 to the MIDS timeband descriptions are recommended following BSC Modification P342, which decoupled the Submission Deadline for Energy Contract Volume Notifications (ECVNs) and Metered Volume Reallocation Notifications (MVRNs) from Gate Closure. BSC Modification P342 was implemented in November 2017.
Response
Please respond using the consultation response form and send your responses, entitled ‘MIDS Review 2018 Consultation’ , to [email protected] by 17.00 on Monday 22 October 2018.
P350 draft reference network mapping statement for Reference Year 2017-18
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 Friday 14 September 2018.
Consultation for allocation of a new GSP to a GSP Group
Elexon has received a new GSP registration application from the Transmission Company.
Southern Electric Power Distribution (SEPD) is connecting two new circuits into the existing East Claydon 132kV substation. This new Systems Connection Point will be registered in Settlement as a new GSP, to be known as East Claydon – Southern GSP (ECLA_H).
The Transmission Company propose that GSP ECLA_H is allocated to the Southern (_H) GSP Group.
A diagram showing the proposed change is included in the consultation document.
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 “East Claydon – Southern GSP Consultation”, to [email protected] by 17:00 on Tuesday 11 September 2018.
Credit Assessment Price Consultation 28 August 2018
We issued a consultation paper on the value of Credit Assessment Price (CAP) . We invite Trading Parties to indicate whether they agree with the proposal to increase the value of CAP to £70/MWh from its current approved level of £59/MWh
Credit Assessment Price Consultation 16 July 2018
We issued a consultation paper on the value of Credit Assessment Price (CAP). We invite Trading Parties to indicate whether they agree with the proposal to increase the value of CAP to £59/MWh from its current approved level of £53/MWh.
Outcome
The consultation closed on Tuesday 24 July 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 Wednesday 15 August 2018, the CAP value will increase from £53/MWh to £59/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.
P350: Consultation on Methodology for Load Periods and Sample Settlement Periods 19 June 2018
Modification P350 ‘Introduction of a seasonal Zonal Transmission Losses scheme’ introduced a Transmission Loss Factor (TLF) for each TLF Zone and BSC Season, so transmission losses can be allocated on a geographical basis. P350 went live on 1 April 2018.
This Consultation details the proposed methodology for setting Load Periods and Sample Settlement Periods to be used in the derivation of Zonal TLFs, as required by the Balancing and Settlement Code (BSC).
We encourage you to respond to this consultation using the consultation pro-forma. The consultation period will end on Tuesday 03 July 2018 at 17:00. Please return responses to: [email protected].
At the end of the consultation period, Elexon will consider all responses and, if required, update the methodology accordingly. The methodology, along with all consultation responses, will be presented to the Imbalance Settlement Group (ISG) meeting in July to request approval of both the methodology and actual LPs and SSPs.
Upon approval, Elexon will publish the actual LPs and SSPs on the website on or before 31 August 2018.
Credit Assessment Price Consultation 08 May 2018
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.
DWG Consultation Skeleton Target Operating Models 2018
This consultation has been prepared by the Design Working Group to inform stakeholders about the skeleton TOMs and seeks your input on the design and evaluation work to date.
The TOM design work has been developed for Ofgem by the Elexon-chaired Design Working Group. The Group has met monthly since October and produced five high level ‘skeleton’ TOM options, as set out in this consultation. We have approved the skeleton TOMs, concluding the first stage of the TOM design work.
The Design Working Group will now, through this consultation and a stakeholder seminar, seek stakeholder views on the skeleton TOMs to inform them as they proceed to stage 2, which is where the detailed design of the skeleton TOMs will be undertaken.
Consultation for Allocation of New Grid Supply Points to a GSP Groups
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.
Changes to the Risk Evaluation Register for 2017/18
We identified seven new BSC Settlement Risks, which we are proposing to include as an addendum to the 2017/18 RER until such a time as the PAF documentation has undergone a full review as part of the PAF procedures work stream of the PAF review.
Credit Assessment Price (CAP) Review Consultation: 5 February 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.
Risk Operating Plan (ROP) 2018/19 Consultation
This consultation asks respondents to review the Risk Operating Plan (ROP) 2018/19, and to submit any comments to [email protected] by 17 November 2017. Responses to this consultation will be presented to the Performance Assurance Board (PAB) meeting in December 2017. If you have any questions on this document please contact Melinda Anderson on 020 7380 4019.
Generic Metering Dispensation Consultation: D/477
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.
Data review for the Market Index Definition Statement – 2017
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.
Credit Assessment Price (CAP) review consultation: 21 August 2017
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.
Changes to the CAP review process consultation: 18 April 2017
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.
Credit Assessment Price (CAP) review consultation: 20 March 2017
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.