P308: Alternative security product for securing credit under the BSC P308 proposes to introduce a centrally provided alternative security product as an alternative method for securing credit under the BSC, which Parties could use in place of the existing requirements to provide Credit Cover individually. For further information on this modification, please contact the Lead...

P307: Amendments to Credit Default arrangements P307 proposes to amend the timings, triggers and thresholds in relation to Credit Default, including extending the duration of the Query Period and adjusting the thresholds for entering Credit Default and the processes relating to the Cure Periods. For further information about this modification, please contact the Lead Analyst <a...

Amendments to the Provisions for BSCCo Directors P303 seeks to amend the BSCCo Board Director provisions in BSC Section C with the aim of increasing the pool of potential candidates that may fill a BSCCo Board Director position. To achieve this, P303 proposes to remove the current restriction that only non-industry directors can be awarded...

Expanding the definition of a ‘Letter of Credit’ to include regulated insurance companies P306 proposes to allow individual Parties to obtain a Letter of Credit from a regulated insurance company that is capable of providing security of a similar level and form as that provided by a bank. For further information, please contact...

Should Half-Hourly Settlement be mandatory for certain Unmetered Supplies customers? In Settlement, the accurate allocation of energy volume is as important as having the right volume to allocate. Energy is settled on a Half Hourly (HH) basis and as such, when using estimated consumptions and profiles can lead to a large misallocation of energy that...

P304 Workgroup Meeting P304 has been raised to progress the outcomes of the Electricity Balancing Significant Code Review (EBSCR), and proposes to reduce the Price Average Reference (PAR) value from 500MWh to 250MWh ahead of Winter 2014/15. For further information about this modification, please contact the lead analyst, Talia Addy.

P305 has been raised to progress the outcomes of the Electricity Balancing Significant Code Review (EBSCR), and proposes to implement the EBSCR conclusions ahead of Winter 2015/16, which include:

• Further reductions in the PAR value following P304 (50MWh from Winter 2015/16, then 1MWh from Winter 2018/19);
• A single imbalance price, calculated using the main...