Trading & Settlement

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How will Supplemental Balancing Reserve (SBR) impact Credit Cover Percentage?

The Credit Cover Percentage (CCP) calculation uses Credit Assessment Price as a price estimate for the first five working days, which prevents an immediate impact. If System Prices are significantly high, Parties are likely to see a step change in their CCP at 23:00 on the fourth working day. This is the point at which the […]
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Will System Prices reach £3,000/MWh if Supplemental Balancing Reserve (SBR) is used?

The System Price will not automatically reach £3,000 if SBR is used and could be higher or lower. The SBR action will be treated as an energy balancing action in the System Price calculation. It is possible that the action could set the System Price, however the most expensive actions are often removed from the […]
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How does Supplemental Balancing Reserve (SBR) affect Settlement?

Although users will see System Operator warnings on the Balancing Mechanism Reporting Service (BMRS), the  System Price calculation on the BMRS will not include SBR actions with the correct price. The SBR actions will need to be re-priced to the Value of Lost Load which is £3,000/MWh. On the following working day, an Elexon Circular will be published to […]
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Trading & Settlement

Electricity is traded on a wholesale market, with generators and suppliers entering into contracts with each other for every half hour of every day; sometimes years in advance...
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