P337 – Extension to the payment timescales for Quarter Date Advice Notes below the Advice Note Threshold Limit
Formal title: Extension to the payment timescales for Quarter Date Advice Notes below the Advice Note Threshold Limit
Current Status
Summary
P337 seeks to extend the payment timescales for Quarter Date Advice Notes below the Advice Note Threshold Limit (ANTL) of £500 from three Business Days to 15 Business Days.
This will allow Elexon to defer action, giving Parties an additional 13 Business Days to pay the Advice Note and avoid unnecessary actions, such as the Party defaulting.
Progression
The Panel raised P337 on 10 March 2016. The Panel unanimously agreed that P337 should be sent directly into the Report Phase as a Self-Governance Modification Proposal.
The Panel initially recommended that P337 should be approved and issued its Report Phase Consultation. It determined to approve P337 under Self-Governance on 14 April 2016 for implementation on 3 November 2016 as part of the November 2016 BSC Systems Release.
BSC Parties had 15 Working Days in which to appeal the Panel’s determination on P337. This period ended on 6 May 2016. No appeals were received by this time, so the Panel’s decision was final. You can find the full rules and processes regarding appeals in BSC Section F6.4.
P337 was implemented on 3 November 2016 as part of the November 2016 BSC Systems Release.