Glossary

P465 Correction to P415 legal text to amend Credit Cover requirements for Virtual Trading Parties

Formal title: Correction to P415 legal text to amend Credit Cover requirements for Virtual Trading Parties

This Modification is required to correct an error in the approved legal drafting for P415. This Proposal will ensure that Credit Cover requirements for Virtual Trading Parties (VTPs) correctly take into account the energy volumes (‘Deviation Volumes’) that VTPs trade in wholesale markets, which was the intention of the P415 Workgroup.

Current Status

Submission
Assessment Procedure
Report Phase
Awaiting Implementation
Implemented

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