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...

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...

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 proposal, please contact the Lead Analyst,...

P310: Revised Credit Cover for Exporting Supplier BM Units P310 proposes to use the Balancing Mechanism Credit Assessment Export Capability (BMCAEC) value instead of the Balancing Mechanism Credit Assessment Import Capability (BMCAIC) value with regards to the Credit Assessment Energy Indebtedness calculations when a Supplier Volume Allocation Balancing Mechanism Unit contains embedded generation and no consumption....

P309: Facility to enable BSC Parties to select either replacement contract notifications or additional contract notifications P309 proposes to give BSC Parties the ability to specify that either replacement contract notifications or additional contract notifications are associated with an Energy Contract Volume Notification Agent Authorisation in order to mitigate the risk that replacement notifications might...

P305: Electricity Balancing Significant Code Review Developments 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...

Due to a high volume of attendees, registration for this event has now closed, but if you would like to be put on a waiting list, please email us at [email protected] and we we will let you know if we receive any cancellations. Our next seminar is on Wednesday 26 November 2014. Unfortunately this...

Taking place on Wednesday 18 February at Elexon’s offices, the seminar will be useful to you if you are a newcomer to the industry, have recently entered the market, or are in the process of doing so, or have changed roles within the energy sector. The seminar provides a useful overview of the balancing mechanism and imbalance settlement...