P117

Formal title: Rectification of Past Notification Errors (PNEs)

Current Status

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

Summary

P117 seeks to address a minor inconsistency in Section P6.5.1(c) of the Code, which has been identified following implementation of P61. Section P6.5.1(c) states that where the Panel determines that a Past Notification Error (PNE) occurred, adjustments shall be taken into account in the next Settlement Run or if the Final Reconciliation Settlement Run has already taken place such adjustments shall be taken into account in the Post Final (DF) Run. All other references to the DF Run in the Code allow an alternative method of rectification using an Extra Settlement Determination.

Progression

The Authority approved the Proposed Modification on 2 May 2003. P117 was implemented on 27 May 2003.

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