P344 IWG 4: Virtual Lead Party processes
This industry working group is developing the processes and the associated Code Subsidiary Documents (CSDs) changes required to implement two requirements of the P344 ‘Project TERRE’ solution:
- The lead Party of a SBMU shall be required to submit Half Hourly Delivered Volumes for each MSID Pair Notified to Settlement
- SVAA shall allocate MSID Pair Delivered Volumes between the composite MSID Pairs to create Metering System Delivered Volume
Impacted documents were issued for industry review 17 October – 14 November 2018
- NEW BSCP602
Background to P344 ‘Project TERRE’
P344 ‘Project TERRE’ seeks to align the Balancing and Settlement Code with the European Balancing Project TERRE (Trans European Replacement Reserves Exchange) requirements. This will allow the implementation of the TERRE balancing product at national level and ensure compliance with the European Electricity Balancing Guideline (EBGL).
The BSC Panel has recommended to the Authority (at its 14 June 2018 meeting) that it approve the P344 Alternative Modification (mandatory sharing of Half Hourly (HH) delivered volumes with the customer’s Supplier) and reject the Proposed Modification (customer consent required for sharing HH delivered volumes with the customer’s Supplier).
The Authority approved the Proposed Modification for implementation on 28 February 2019 (February 2019 BSC Release).
Elexon’s technical solutions
- Foundation programme
About other IWGs
This IWG is part of a collection of groups that will focus on the implementation of Project TERRE and its impact on the UK electricity industry.