P406 ‘Temporary disapplication of Supplier Charge Serials SP08 and SP04 due to COVID-19’
Formal title: Temporary disapplication of Supplier Charge Serials SP08 and SP04 due to COVID-19
Due to the ongoing outbreak of COVID-19, the electricity market is experiencing unprecedented challenges. Suppliers and their Party Agents have suspended Meter read collections to align to government social distancing guidelines, however, this will impact Suppliers’ ability to meet their Settlement performance standards.
This Modification proposes that Supplier Charges for the SP08 and SP04 Serials are suspended from the March 2020 Performance Assurance Reporting and Monitoring System (PARMS) reporting period and set to £0, until further notice, to help to support Suppliers cash-flow and enable them to concentrate on business critical activities.
Listen to our podcast about the temporary disapplication of Supplier Charge Serials SP08 and SP04 due to COVID-19.
If you would like a transcript for the P406 podcast then please email [email protected].
The BSC Panel considered the P406 Draft Modification Report at its ad-hoc meeting on 23 April 2020, where it made a unanimous recommendation to the Authority that P406 should be approved.
The Authority approved Modification P406 on 5 May 2020 and P406 was implemented on 11 May 2020 as part of an ad-hoc BSC Release.