Formal title: ‘Project TERRE implementation into GB market arrangements’
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 TERRE balancing product at national level and hence ensure compliance with 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 finalised the solution at its meeting on 22 March 2018. The Assessment Report was presented to the BSC Panel at its meeting on 10 May 2018 for its initial recommendations, whereby it initially recommended that the Proposed Modification be aproved and the Alternative Modification rejected.
The Report Phase Consultation will close on 1 June 2018.
The P344 Report Phase Consultation will close at 5pm Friday 1 June 2018