Glossary
P090 – Improving The Representation Of Energy Balancing Actions In Cashout Prices
Formal title: Improving The Representation Of Energy Balancing Actions In Cashout Prices
Current Status
Submission
Initial Written Assessment
Assessment Procedure
Report Phase
With Authority
Rejected
Summary
This Modification seeks to ensure that genuine system trades do not influence cashout prices and that trades that impact energy balance are better represented in imbalance cashout prices. In addition, the proposed Modification seeks to simplify the calculation of cashout prices and to ensure consistency of approach for all Bid-Offer Acceptances and forward trades.
Progression
The Authority rejected the Proposed Modification on 7 March 2003.