P333

Formal title: Inclusion of DSBR volumes into the cashout price in time for publication after the end of the Settlement Period

Current Status

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

Summary

ENGIE raised P333 on 28 January 2016. P333 contends that not including DSBR volumes in cashout until the II Settlement Run, five days after the relevant Settlement Day, could result in misleading signals to market participants. P333 would require the Transmission Company to provide its best estimate of DSBR volumes as part of its initial submission of Balancing Services Adjustment Data.

Progression

The Initial Written Assessment (IWA) was presented to the Panel on 11 February. The Panel agreed to submit P333 to an Assessment Procedure with the Assessment Report due to be presented by 12 May 2016.

The Assessment Procedure Consultation was issued on 29 April 2016, which closed on 23 May 2016. The Assessment Report was presented to the Panel at its meeting in June.

The Report Phase Consultation was issued on 13 June 2016, with responses due back on 1 July 2016.  The Panel considered the Draft Modification Report and responses to the Report Phase Consultation at its meeting on 14 July 2016. The Panel recommended to the Authority that P333 be approved.

P333 was approved by the Authority on 2 August 2016.

P333 was implemented on 3 November 2016 as part of the November 2016 BSC Systems Release.

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