List of homepage news articles

This page lists all of the news articles we have produced over the last year. Any news articles older than 1 year are removed from the website as they will have concluded their designated lifecycle. Please contact us if you are looking for specific information on any subjects we have covered.

(Showing items 1-5 of 365)

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View Consultation: increasing CAP to £78 from 18 June 2024

Consultation: increasing CAP to £78 from 18 June 2024

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £78 from 18 June 2024. This two-day consultation will close at 17:00 on 31 May 2024.

View Implementation Consultation for P466: BSC Section N Modernisation

Implementation Consultation for P466: BSC Section N Modernisation

This consultation aims to provide the BSC Panel with further information to enable it to recommend a revised Implementation Date to the Authority. The Authority has directed the Panel to consult on a revised proposed Implementation Date for P466, as the current Implementation Date is no longer appropriate.

We reported to Ofgem that the current P466 Implementation Date was no longer appropriate, as it significantly increased the risk of delivering P415 Facilitating access to wholesale markets for flexibility dispatched by Virtual Lead Parties and Helix, our Market Wide Half Hourly Settlement (MHHS) delivery programme. This is because P415 and Helix require, amongst others, changes to the FAA system. We are modernising the FAA system as part of our Kinnect programme and for reasons of efficiency and cost, will implement P466, P415 and Helix onto the new FAA system. To manage the risk, we plan to implement the new FAA system and P466 at the same time and then subsequently implement the P415 and Helix changes. This is not possible under the current P466 implementation approach.

View P473 Correcting inconsistencies in the P415 Legal Text

P473 Correcting inconsistencies in the P415 Legal Text

Modification P415 ‘Facilitating access to Wholesale Markets for flexibility dispatched by Virtual Lead Parties’ seeks to allow independent aggregators to sell customers’ flexibility into Wholesale Markets. Independent aggregators wishing to do this will be required to accede to the BSC in the new role of Virtual Trading Party (VTP). Ofgem has approved this Modification for implementation on 7 November 2024 as part of the standard November 2024 BSC release.

Elexon has received industry feedback on the Legal Text post Ofgem approval on 6 October 2023, as well as internal feedback during work with service providers to design the system changes required to implement Modification P415, and this has revealed that the P415 Legal Text does not correctly describe the intended solution for P415 as well as some inconsistencies and omissions.

View Consultation: increasing CAP to £70 from 31 May 2024

Consultation: increasing CAP to £70 from 31 May 2024

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £70 from 31 May 2024. This two-day consultation will close at 17:00 on 15 May 2024.

View P461 Send Back Consultation

P461 Send Back Consultation

Ofgem issued a Send Back Direction on P461 ‘Accurate Reporting of Customers Delivered Volumes to Suppliers’ to the BSC Panel on 8 May 2024, as it was unable to form an opinion on whether or not P461 should be approved.  The Panel approved the draft Send Back Process at its meeting on 9 May 2024. 

The Send Back Consultation was issued on 13 May 2024 and will close at 5pm on Friday 24 May 2024. 

View End to reporting of some transparency data to Elexon

End to reporting of some transparency data to Elexon

As part of the development of Elexon’s new wholesale market data service, the Insights Solution, we did not migrate some data flows from the legacy Balancing Mechanism Reporting Service (BMRS) to the new platform.

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View P463 Assessment Procedure Consultation

P463 Assessment Procedure Consultation

P463 seeks to introduce a new change process – a ‘Standard Change’ process – into the BSC arrangements that would allow for certain, low risk, predictable and repeatable pre-authorised changes to be implemented without following the existing Change Proposal or Modification procedures. This should reduce the burden on industry and Elexon; allowing them to focus on higher value activities.

View Help us shape the future of the Digital Code

Help us shape the future of the Digital Code

Elexon is developing the capabilities of the Digital Code, and we need your help to shape what it looks like in the future.

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View Balancing Mechanism Reporting Service will be switched off on 31 May 2024

Balancing Mechanism Reporting Service will be switched off on 31 May 2024

Elexon can confirm that all Balancing Mechanism Reporting Service (BMRS) endpoints will be switched off on 31 May 2024 as they have been replaced by the Insights Solution.

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View Webinar on the Insights Solution data service and switching off BMRS

Webinar on the Insights Solution data service and switching off BMRS

Elexon has now completed development of the Insights Solution, our new wholesale market data service which replaces the legacy Balancing Mechanism Reporting Service (BMRS).

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