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Modification: P344

‘Project TERRE implementation into GB market arrangements’

Proposer: National Grid

Current Phase: Assessment Procedure

Lead Analyst: Elliott Harper

Implementation Date: TBC


P344 seeks to align the Balancing and Settlement Code (BSC) with the European Balancing Project TERRE (Trans European Replacement Reserves Exchange) requirements. This is in order to allow the implementation of the project at national level and be compliant with the first tranche of obligations in the European Electricity Balancing Guideline (EB GL).


National Grid raised P344 on 1 June 2016. The Panel considered the initial written assessment (IWA) at its meeting on 9 June 2016, where it agreed to an initial three month assessment with an interim assessment report to be brought to it at its meeting in September. From this point onwards, the P344 Workgroup developed the solution to P344.

The Second P344 Assessment Procedure Consultation closed on 30 January 2018. The Workgroup will begin to consider consultation responses at its next meeting on 7 February 2018.


Project TERRE Industry Day Slides  [2.4 Mb]
Document Date: 16 January 2018

P344 Interim Assessment Report  [856.0 Kb]
Document Date: 13 October 2016

P344 Form  [312.8 Kb]
Document Date: 1 June 2016