P010

Formal title: Eliminating Imbalance Price Spikes Caused By Truncating Effects.

Current Status

Submission
Initial Written Assessment
Assessment Procedure
Report Phase
With Authority
Awaiting Implementation
Implemented

Summary

Modification of the SBP and SSP calculations to remove price spikes caused by spurious Bid/Offer Acceptances registered by the settlement software as a result of truncating National Grid instructions to a whole number of minutes or an integer volume of megawatts.

Progression

The Authority approved the Alternative Modification on 11 May 2001.

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