Glossary
P008 – Introduction Of A Price Adjuster To Reflect Option Fees For Balancing Services Contracts In Setting System Buy Price And System Sell Price.
Formal title: Introduction Of A Price Adjuster To Reflect Option Fees For Balancing Services Contracts In Setting System Buy Price And System Sell Price.
Current Status
Submission
Initial Written Assessment
Assessment Procedure
Report Phase
With Authority
Awaiting Implementation
Implemented
Summary
The recent Modification (P3) implemented a Price Adjuster for System Sell Price and System Buy Price by altering the Balancing Services Adjustment Data Methodology and implementing workaround W024. This Modification proposes to retain the same functionality, but to implement the Price Adjuster within the BSC and Elexon’s central systems.
Progression
The Authority approved the Proposed Modification on 24 September 2001.