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 be submitted...

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.

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,...