P414 ‘Allowing a Party to Withdraw from the BSC and transfer outstanding liabilities to another Party’

P414 was implemented on 25 February 2021 as part of the February 2021 BSC Release.

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A Release is a packet of approved Modifications and Change Proposals which are usually all implemented on the same date (although occasional Releases may have more than one Implementation Date).

Releases allow multiple changes to be implemented at once, gives the industry a degree of certainty around the dates when changes will be implemented and gives Parties and Party Agents sufficient time to plan the changes to their systems and processes which are required to meet the new and amended requirements.

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P414 was submitted to the Authority on 16 December 2020 with a recommendation to approve.

The Authority Approved P414 on 3 February 2021 for Implementation on 25 February 2021.

The Report Phase Consultation was issued 15 October 2020 with responses invited by 16 November 2020.

The Panel considered the Draft Modification Report at its meeting on 10 December 2020 (309/08).

The Panel:

• agreed that P414 does better facilitate Applicable BSC Objective (d);
• determined that P414 is not a Self-Governance Modification;
• agreed a recommendation that P414 should be approved;
• approved an Implementation Date of:
  • 25 February 2021 if an Authority decision is received on or before 8 February 2021; or
  • 1 April 2021 if an Authority decision is received after 8 February, but on or before 8 March 2021;
• approved the draft legal text; and
• approved the draft changes to BSCP65.

RWE Supply & Trading GmbH raised P414 ‘Allowing a Party to Withdraw from the BSC and transfer outstanding liabilities to another Party’ on 29 September 2020. The Proposer has requested that P414 is sent directly to the Report Phase as a not Self-Governance Modification.

The Panel considered the Initial Written Assessment at its meeting on 8 October 2020 (307/04) The Panel:

• Agreed to progress P414 directly to the Report Phase;
• Agreed that P414 does better facilitate Applicable BSC Objective (d);
• Agreed that P414 Does impact the EBGL Article 18 Terms and Conditions and is consistent with the EBGL objectives;
• Agreed an initial recommendation that P414 should be approved;
• Agreed an initial Implementation Date of:
  • 25 February 2021 if an Authority Decision is received on or before 8 February 2021; or
  • 1 April 2021 if an Authority decision if received after 8 February 2021 but on or before 8 March 2021; and
• Agreed the draft legal text.