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 1-217 of 217)

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View Latest Elexon Board circular to BSC Parties

Latest Elexon Board circular to BSC Parties

Source: Elexon corporate website

In this latest Elexon Board circular, the Board Chair provides a progress update on the industry’s Market-wide Half Hourly Settlement (MHHS) programme and our digitalisation programme. It also includes a reflection on the ownership of Elexon, and the Board’s view on current issues impacting the market.

Read More
View BSC Sandbox Consultation: S2022-03 Good Energy

BSC Sandbox Consultation: S2022-03 Good Energy

This is a public industry consultation for BSC Parties and interested Third Parties. We are seeking views on the impacts on Parties relating to the implementation of a BSC Sandbox Application for Good Energy.

Good Energy have raised a BSC Sandbox request for a derogation against the BSC provisions preventing them from appointing different Supplier Agents for Import / Export Metering Systems where Data Communications Company (DCC) enabled Smart Meters are installed. This will allow them to remove a barrier preventing the use of Export Metering System IDs (MSIDs) for small-scale micro generation.

View Consultation on CAP increase to £395/MWh from 31 August 2022

Consultation on CAP increase to £395/MWh from 31 August 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £395/MWh from 31 August 2022. This two-day consultation will close at 10:00 on 16 August 2022.


Outcome

On Wednesday 31 August, the CAP value will increase to £415/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03650

View Elexon welcomes Sara Vaughan as its new Board and BSC Panel Chair

Elexon welcomes Sara Vaughan as its new Board and BSC Panel Chair

Source: Elexon corporate website

Following a formal external recruitment process involving both the Elexon Board and the BSC Panel, Sara Vaughan has been appointed as the new Elexon Board and BSC Panel Chair. Sara will be succeeding Michael Gibbons who has been the Chair for the last nine years.

Read More
View BSC Insight: The Insights solution puts data on the wholesale market at your fingertips

BSC Insight: The Insights solution puts data on the wholesale market at your fingertips

In this BSC Insight article by Reza Nia, Head of Analysis & Insight,  explains why Elexon developed a new data service (the Insights Solution) and the benefits of it to BSC Parties and other stakeholders. All of the Insights Solution data is available to download for free. 

Read More
View Suppliers to register MSID Pairs for Additional Primary BM Units providing Balancing Services

Suppliers to register MSID Pairs for Additional Primary BM Units providing Balancing Services

If you are a Supplier that has Additional BM Units with the Final Physical Notification (FPN) Flag set to Yes, then you will need to register any existing or future MSID Pairs.

Suppliers that need to register their MSID Pairs must send the MSID Pair allocation (P0278) to the SVAA by the deadline of 6 October 2022.

Read More
View Elexon approves first request for open data

Elexon approves first request for open data

From today anybody regardless of whether they work in the electricity sector or not can get access to the same level of data that is used for most of Elexon’s reporting on electricity Settlement.

Read More
View Consultation on CAP increase to £390/MWh from 24 August 2022

Consultation on CAP increase to £390/MWh from 24 August 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £390/MWh from 24 August 2022. This two-day consultation will close at 17:00 on 9 August 2022.


Outcome

On Wednesday 24 August 2022, the CAP value will increase to £390/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03648

View Updated Risk documentation is now available

Updated Risk documentation is now available

We have published updated versions of the 2022/23 Risk Evaluation Register (RER) and the Risk Operating Plan (ROP) following a review completed in July 2022.

Read More
View Grid Supply Point Group meter system inspections in Northern Scotland

Grid Supply Point Group meter system inspections in Northern Scotland

Read More
View Voting begins in the 2022 BSC Panel member elections

Voting begins in the 2022 BSC Panel member elections

From today voting is open for the 2022 BSC Panel elections. You can vote until close of play on 26 August. Below are the six candidates that could be elected (or re-elected) to serve on the Panel.

Read More
View Consultation on CAP increase to £330/MWh from 17 August 2022

Consultation on CAP increase to £330/MWh from 17 August 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £330/MWh from 17 August 2022. This two-day consultation will close at 17:00 on 2 August 2022.


Outcome

On Wednesday 17 August 2022, the CAP value will increase to £330/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03644

View Consultation: Credit Assessment Price increase to £300/MWh from 9 August 2022

Consultation: Credit Assessment Price increase to £300/MWh from 9 August 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £300/MWh from 9 August 2022. This two-day consultation will close at 17:00 on 25 July 2022.


Outcome

On Tuesday 9 August 2022, the CAP value will increase to £300/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03635

View Annual BSC seminar and meeting: what did you miss?

Annual BSC seminar and meeting: what did you miss?

Source: Elexon corporate website

On Thursday 14 July, Elexon hosted its annual meeting and seminar. For the first time since 2019, the meeting was held in our office although Stakeholders were also able to join online.

Thursday’s meeting was the first BSC seminar for Elexon’s new Chief Executive Simon McCalla. It was also the last seminar for Michael Gibbons, Chair of the Elexon’s Board and the BSC Panel.

Read More
View Elexon Board Directors election or re-election results 2022

Elexon Board Directors election or re-election results 2022

Source: Elexon corporate website

In keeping with best practice for corporate governance and accountability, all Elexon Board Directors were subject to election or re-election via a vote at Elexon’s Annual BSC Seminar held on 14 July 2022.

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View New BSC Code of Practice (CoP11) sets standards for accuracy of Asset Metering Systems

New BSC Code of Practice (CoP11) sets standards for accuracy of Asset Metering Systems

A new ‘Code of Practice (CoP11) for the Metering of Balancing Services Assets for Settlement Purposes’ has been introduced, defining the minimum BSC requirements for Asset Metering Systems.

Read More
View Consultation: Credit Assessment Price increase to £270/MWh from 26 July 2022

Consultation: Credit Assessment Price increase to £270/MWh from 26 July 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £270/MWh from 26 July 2022. This two-day consultation will close at 17:00 on 8 July 2022.


Outcome

On Tuesday 26 July 2022, the CAP value will increase to £270/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03626

View Have your say: Changing the PAB Settlement performance management approach

Have your say: Changing the PAB Settlement performance management approach

Elexon has recently obtained feedback from Suppliers that the current Settlement monitoring approach may act as a disincentive for Suppliers to move sites to elective Half Hourly (HH) Settlement in preparation for Market-wide Half Hourly Settlement (MHHS). This is because moving ‘good’ performing sites to HH Settlement may reduce the performance of their remaining Non Half Hourly portfolio.

Read More
View Elexon’s 2021/22 Annual Report & Financial Statements published

Elexon’s 2021/22 Annual Report & Financial Statements published

Source: Elexon Corporate Website

The reports explain our performance against our strategic objectives and our actual spending over the year, compared with our budget. Read highlights or download the full report.

Read More
View Help shape our Settlement & Invoicing services

Help shape our Settlement & Invoicing services

We are looking to engage with interested parties through our Settlement and Invoicing Solution User Group. Participating in the User Group will enable you to help shape the future design of the solution on our new digital platform, Elexon Kinnect.

Read More
View Consultation: Credit Assessment Price increase to £215/MWh from 8 July 2022

Consultation: Credit Assessment Price increase to £215/MWh from 8 July 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £215/MWh from 8 July 2022. This two-day consultation will close at 17:00 on 23 June 2022.


Outcome

On Friday 8 July 2022, the CAP value will increase to £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03615

View Kinnect Customer Solution: New Account Management features from 20 June 2022

Kinnect Customer Solution: New Account Management features from 20 June 2022

We have been working on changes to the Elexon Kinnect Customer Solution which delivers functional enhancements to the contacts, authorised signatories, addresses and bank details elements of the Elexon Kinnect Customer Solution. These changes are usable from 20 June 2022 and provide benefits for existing customers and new market entrants.

Read More
View New TLFA-I014 Data for Summer 2022 on the Elexon Portal

New TLFA-I014 Data for Summer 2022 on the Elexon Portal

Following the Grid Supply Point (GSP) Group Metering Issues identified in GSP Groups _C and _J, Elexon has looked at further impacts the corrected data could have on Settlement processes.

After completing some additional analysis, we identified that there were some impacts on Transmission Loss Factors (TLFs).  These impacts were small, mostly affecting the Summer 2022 period.

Read More
View Are you interested in becoming a member of the Credit Committee?

Are you interested in becoming a member of the Credit Committee?

The Credit Committee (CC) is one of several Balancing and Settlement Code (BSC) committees which play a role in managing and governing the code. The CC, which is responsible for all BSC matters relating to the Credit Assessment Price (CAP), is looking for new members. 

Read More
View Data Release Consultation: Data Relating to Default Funding Share (DR343096)

Data Release Consultation: Data Relating to Default Funding Share (DR343096)

Seeking views from industry on data requests received, prior to the Balancing Mechanism Reporting Service Change Board (BCB) making a determination on whether to release requested data.

View Elexon Kinnect Insights Solution now available

Elexon Kinnect Insights Solution now available

We have been developing an exciting new data and insights platform, the Elexon Kinnect Insights Solution, which builds on our existing Balancing Mechanism Reporting Service (BMRS) to offer a richer and more detailed data service for GB electricity.

Read More
View Credit Assessment Load Factor (CALF) values for the Autumn 2022 BSC Season available

Credit Assessment Load Factor (CALF) values for the Autumn 2022 BSC Season available

The Credit Assessment Load Factor (CALF) values for the Autumn 2022 BSC Season, which runs from 1 September 2022 to 30 November 2022, are available from the Credit/Credit Alerting section under the Financial and Credit menu on the Elexon Portal.

If you are the Lead Party of a non-Credit Qualifying Balancing Mechanism Unit (BMU), you can appeal an assigned CALF value if you believe it does not accurately represent your expected activity by Monday 1 August 2022.

Read More
View PAB approves changes for monitoring Settlement performance standards

PAB approves changes for monitoring Settlement performance standards

At its May 2022 meeting, the Performance Assurance Board (PAB) undertook a review of its approach to managing the Settlement Performance standard. The PAB has approved two changes to the Settlement Performance Standard.

Read More
View Gearing up for go-live of faster switching reforms

Gearing up for go-live of faster switching reforms

Elexon is helping the industry to get set for the go-live of the Central Switching Service (CSS) this summer as part of Ofgem’s Switching Programme.

The CSS, which will be governed by version 3.0 of the Retail Energy Code (REC), will provide a single, dual fuel switching process for gas and electricity. The aim is to make switching faster and more reliable.

Read More
View All Trading Parties to review the Trading Party Groups Register by 20 June 2022

All Trading Parties to review the Trading Party Groups Register by 20 June 2022

Read More
View Ending the ‘Coronavirus Disapplication Period’ for Supplier Charges

Ending the ‘Coronavirus Disapplication Period’ for Supplier Charges

On 12 May, we issued BSC Circular EL03581, which gave notice to BSC Parties that the ‘Coronavirus Disapplication Period’ for Supplier Charges will be ending. This means that, from September 2022, Supplier Charges for SP08 will be reapplied from the September Performance Assurance Reporting and Monitoring System (PARMS) Reporting Period.

Read More
View How we’re helping to spot GSP metering errors sooner

How we’re helping to spot GSP metering errors sooner

In the past eight years, we have identified five Grid Supply Point (GSP) Metering errors, equal to around 1.4% of the total number of GSP Meters. These errors have caused energy to be recorded incorrectly. As any unaccounted energy is allocated to BSC Parties through GSP Group Correction and Transmission Losses, such metering errors can present a large impact on the allocation of energy and therefore the accuracy of Trading Charges to BSC Parties.

We are publishing a beta version of our GSP change-point detection model to gather feedback from participants and help us identify other areas where central analytics and reporting could support industry in mitigating risks to Settlement.

Read More
View Update on investigations into Settlement errors at two GSP groups

Update on investigations into Settlement errors at two GSP groups

Elexon has been investigating errors in Settlement related to two Grid Supply Point (GSP) Groups: South Eastern GSP Group (Group _J); and London GSP Group (Group _C). This follows our continued monitoring of the Annual Demand Ratio (ADR).

Read More
View Consultation: Credit Assessment Price change to £190/MWh from 1 June 2022

Consultation: Credit Assessment Price change to £190/MWh from 1 June 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £190/MWh from 1 June 2022. This two-day consultation will close at 17:00 on 17 May 2022.


Outcome

The Credit Committee held a meeting today, 30 May 2022, and decided to postpone the implementation date of the last notified CAP of £190/MWh. It was due to go live on 1 June 2022 but this has now been postponed to 1 July 2022.

  • Elexon Circular EL035897

Previous decision

On Wednesday 1 June 2022, the CAP value will increase to £190/MWh from the current CAP of £177/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03586

View Ofgem confirms Elexon as the Capacity Market Advisory Group secretariat

Ofgem confirms Elexon as the Capacity Market Advisory Group secretariat

We are delighted that today, 9 May, Ofgem confirmed its decision to appoint Elexon as the independent Capacity Market Advisory Group (CMAG) secretariat, subject to a BSC Modification being raised and approved to enable us to do the work.

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View Elexon to partner with Icebreaker One to provide Net Zero data

Elexon to partner with Icebreaker One to provide Net Zero data

Elexon will be joining forces with industry not-for-profit Icebreaker One as part of their government-supported Open Energy programme, which seeks to revolutionise the way data is shared across the energy sector to make sure the UK achieves its Net Zero goals. 

Read More
View Do you need support to prepare for Asset Metering (Modification P375)?

Do you need support to prepare for Asset Metering (Modification P375)?

On 30 June 2022, Elexon will implement Modification P375 ‘Settlement of Secondary BM Units using metering behind the site Boundary Point‘.  This is a major change to the Wholesale Electricity Trading Arrangements, which supports Net Zero by creating more opportunities for smaller asset owners to provide balancing services.  

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View Metering Dispensation consultation on remaining Class 2 Meters and Class 0.5 CT

Metering Dispensation consultation on remaining Class 2 Meters and Class 0.5 CT

We are seeking views from BSC Parties on whether they support the proposed Metering Dispensation (D/544). This Metering Dispensation is giving the affected parties’ time to use up old existing stocks of Class 2 Meters and Class 0.5 CT’s.

View Consultation: Credit Assessment Price decrease to £177/MWh from 17 May 2022

Consultation: Credit Assessment Price decrease to £177/MWh from 17 May 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £177/MWh from the current CAP value of £215/MWh. This two-day consultation will close at 17:00 on 28 April 2022.


Outcome

On Tuesday 17 May 2022, the CAP value will decrease to £177/MWh from the current CAP of £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03573

View Second BSC Sandbox trial to increase opportunities for flexibility services will launch in September

Second BSC Sandbox trial to increase opportunities for flexibility services will launch in September

Centrica is due to begin a trial this September where controllable storage heaters will provide demand-side response (DSR) when needed, by dialling down their demand. 

It is the second trial which has been approved by Ofgem to use Elexon’s Balancing and Settlement Code (BSC) Sandbox. The Sandbox allows innovators to trial concepts in a live market environment without having to meet all the usual BSC rules.

Read More
View Ofgem confirms Elexon will operate key IT data platform to support MHHS

Ofgem confirms Elexon will operate key IT data platform to support MHHS

Yesterday (21 April) Ofgem confirmed that the Balancing and Settlement Code will be used to govern and fund the new Data Integration Platform (DIP) to support Market-wide Half Hourly Settlement (MHHS). This means that Elexon will manage the DIP service provider, which is currently being procured through the MHHS Programme.

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View Simon McCalla talks about his new role as Elexon’s Chief Executive

Simon McCalla talks about his new role as Elexon’s Chief Executive

Source: Elexon corporate website

I am Simon McCalla and I started as Elexon’s new Chief Executive at the start of April 2022. I’m excited to be joining Elexon and the energy industry at what is both a challenging and critical period.

Read More
View New system to track electricity by the hour launched

New system to track electricity by the hour launched

Source: Elexon Corporate website

A consortium of leading energy organisations led by hourly certificate focused start-up Granular and including European power market Nord Pool, Elexon, Energy Systems Catapult and Unicorn, is launching a new mechanism for hourly renewable energy certificates in Great Britain.

Read More
View Consultation for Allocation of a new Grid Supply Point at Axminster

Consultation for Allocation of a new Grid Supply Point at Axminster

ELEXON has received a new GSP registration application from the National Electricity Transmission System Operator (NETSO) relating to two new circuits at Axminster. BSC Parties are invited to respond to this consultation using the proforma available.

View Elexon views about decisions on the Future System Operator role and the codes review

Elexon views about decisions on the Future System Operator role and the codes review

Today the Department for Energy Department for Business, Energy and Industrial Strategy (BEIS) and Ofgem jointly responded to the consultations they published in July 2021 on a Future System Operator (FSO), and reforming the energy codes.  National Grid ESO will move away from National Grid plc and become an independent, publicly owned FSO.

As part of that process there will also be a consultation on the ownership of Elexon, which is currently owned by National Grid ESO. 

Read More
View Risk Operating Plan 2022/23 consultation

Risk Operating Plan 2022/23 consultation

We invite you to comment on the Risk Operating Plan (ROP) for 2022/23. The ROP provides an overview of planned activities undertaken by the Performance Assurance Administrator (PAA) as part of the Performance Assurance annual cycle.

View P432 Assessment Procedure Consultation

P432 Assessment Procedure Consultation

This Modification proposes to align the BSC definition of an Advanced Meter with that in the Standard License Conditions (SLC) and to set explicit Half Hourly (HH) Settlement obligations for Current Transformer (CT) Advanced Meters ahead of the migration to Market-wide Half-Hourly Settlement (MHHS). 

View Consultation on CAP change to £235/MWh from 20 April 2022

Consultation on CAP change to £235/MWh from 20 April 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £235/MWh. This two-day consultation will close at 17:00 on 31 March 2022. Please note the previously notified CAP value of £250/MWh is confirmed to go live on 1 April 2022. The last notified CAP value is £215 which is due to go live on 8 April provided it is not withdrawn by the Credit Committee before implementation.


Outcome

The Credit Committee has decided to withdraw the last notified CAP of £235/MWh before implementation on 21 April 2022. This means the current CAP value of £215/MWh remains valid until the Credit Committee sets the next CAP value and its implementation date.

The Credit Committee has been monitoring the market very closely and has decided that the CAP value of £235/MWh would no longer be reflective of market data for implementation from 21 April.

  • Elexon Circular EL03562
  • Elexon Circular EL03566

View Consultation on CAP decrease to £215/MWh from 8 April 2022

Consultation on CAP decrease to £215/MWh from 8 April 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £215/MWh. This two-day consultation will close at 17:00 on 24 March 2022.

Please note the last notified CAP value of £250/MWh will still go ahead on 1 April 2022.


Outcome

On Friday 8 April 2022, the CAP value will decrease to £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Circular EL03554

View Settlement on ‘short’ clock change day: 27 March 2022

Settlement on ‘short’ clock change day: 27 March 2022

The clock change this weekend will result in a ‘short’ day which will impact Settlement periods and contract notifications. On a ‘short’ clock change day, there are only 46 Settlement Periods instead of the normal 48.

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View Credit Assessment Price to decrease to £250/MWh from 1 April 2022

Credit Assessment Price to decrease to £250/MWh from 1 April 2022

Source: Elexon Circular (EL03549)
Read More
View Data Release Consultation: P114 Data Items

Data Release Consultation: P114 Data Items

Seeking views from industry on data requests received, prior to the Balancing Mechanism Reporting Service Change Board (BCB) making a determination on whether to release requested data.

View Elexon names Simon McCalla as its new Chief Executive Officer

Elexon names Simon McCalla as its new Chief Executive Officer

Source: Elexon Corporate Website

Simon McCalla has been appointed as the new permanent CEO of Elexon.

Read More
View Investigations into potential Settlement errors in two GSP Groups

Investigations into potential Settlement errors in two GSP Groups

Elexon is investigating potential errors in Settlement related to the South Eastern GSP (Grid Supply Point) Group (Group _J) and the London GSP Group (Group _C). This follows our continued monitoring of the Annual Demand Ratio (ADR).

Read More
View Reconciliation charges to be introduced at next Settlement Run

Reconciliation charges to be introduced at next Settlement Run

National Grid ESO has resubmitted Balancing Services Adjustment Actions (BSAA) and Balancing Services Adjustment Data (BSAD) files for multiple settlement dates throughout 2021. The period covers January through to November 2021 and is across 69 distinctly impacted Settlement Periods.

Read More
View Consultation on CAP increase to £231/MWh from 17 March 2022

Consultation on CAP increase to £231/MWh from 17 March 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £231/MWh. This two-day consultation will close at 17.00 on 2 March 2022.


Outcome

Following a consultation on the value of the CAP which we issued on 28 February, the Credit Committee has decided that the consulted on CAP value of £231/MWh (for implementation on 17 March 2022) is no longer reflective of market data.

Based on the latest market data available, the Credit Committee has set a new CAP of £330/MWh to be implemented on 17 March.

  • Elexon Circular EL03542

View Have your say on Metering shortages and supply chain issues

Have your say on Metering shortages and supply chain issues

Elexon has been monitoring the on-going impacts of component shortages and supply chain challenges which are impacting on the availability of electricity Meters and related equipment. To help us understand the extent of these challenges, we have created a short survey to assess the impact on the industry.

Read More
View Request for feedback on Newscast

Request for feedback on Newscast

We have been making changes to the layout and content on Newscast, which is our weekly newsletter that features key information about the industry and BSC activities.

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View Help shape design of Elexon’s future data and reporting service

Help shape design of Elexon’s future data and reporting service

To deliver on our commitment to providing enhanced, customisable data we are migrating the aging Balancing Mechanism Reporting Service platform (BMRS) to the Elexon Kinnect Insights Solution. Through easier access to data and data insights, the new Insights Solution will play a key role in supporting existing  companies, new entrants and innovators who want to develop new products and services.

Read More
View Consultation on CAP decrease to £175/MWh from 8 March 2022

Consultation on CAP decrease to £175/MWh from 8 March 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £175/MWh. This two-day consultation will close at 17.00 on 21 February 2022.

Please note the last notified CAP value of £190/MWh will still go live on 22 February.


Outcome

The Credit Assessment Price (CAP) will stay at £190/MWh

The Credit Committee has decided that the consulted on CAP value of £175/MWh would no longer be reflective of market data for implementation in March. Therefore it will not be implemented unless forward market prices revert to their former downward trends very soon which will be observed very closely over the coming days until the next Credit Committee meeting.

  • Circular EL03533

View FAQs on testing of P375 BSC System changes

FAQs on testing of P375 BSC System changes

This page aims to answer common questions about participation in the testing of system changes related to Modification P375, part of the June 2022 Release.

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View Changes to Outstation requirements introduced on 30 June 2022

Changes to Outstation requirements introduced on 30 June 2022

We are in the process of contacting Outstation manufacturers to confirm whether or not their Outstations currently comply with the new requirements. This is because the Issue numbers and versions of Codes of Practice 1, 2, 3, 5 and 10 are changing and will be implemented on 30 June 2022 via the June 2022 BSC Release.

Read More
View Participate in the design of our Digital BSC website

Participate in the design of our Digital BSC website

Elexon is working on a project to develop a brand new website that will enable customers to have much easier access to the Balancing and Settlement Code (BSC) and its subsidiary documents, ‘the Digital Code’. We are working on ways to make the BSC and its subsidiary documents more accessible and navigable for our customers.

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View Request for information from Suppliers

Request for information from Suppliers

The Unmetered Supplies User Group (UMSUG) are requesting information from Suppliers to declare whether they will take on new Non Half Hourly (NHH) Unmetered Supplies (UMS).

UMSUG are interested in knowing if you are willing or unwilling to take on new Non Half Hourly Unmetered Supplies.

Read More
View Consultation on CAP decrease to £190/MWh from 22 February 2022

Consultation on CAP decrease to £190/MWh from 22 February 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £190/MWh. This two-day consultation will close at 17.00 on 7 February 2022. Please note the last notified CAP value of £245/MWh will still go live on 8 February.


Outcome

No consultation responses were received. As a result the CAP value will decrease from £245/MWh to £190/MWh, effective from Tuesday 22 February 2022.

  • Circular EL03521

View Consultation on Risk Evaluation Register 2022/23

Consultation on Risk Evaluation Register 2022/23

We invite you to respond to the consultation on the Risk Evaluation Register (RER) which sets out potential Risk events and the affect they would likely have on the Settlement Risks during 2022/23.

View Complete our survey to help improve the BSC Change process

Complete our survey to help improve the BSC Change process

We are collecting views for the BSC Panel on whether the BSC change process should be reviewed, and what improvements could be made, including speeding up the process.

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View Performance Assurance product feedback request

Performance Assurance product feedback request

We are interested in gathering feedback on our Performance Assurance product from parties within the industry to help analyse and identify areas where we could improve. 

Read More
View Compliance and Protocol Approvals List Updated

Compliance and Protocol Approvals List Updated

The Code of Practice Compliance and Protocol Approvals spreadsheet on the Elexon website has been updated to reflect two changes that relate to Outstations.

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View Ofgem’s energy codes satisfaction survey echoes Elexon’s survey results

Ofgem’s energy codes satisfaction survey echoes Elexon’s survey results

Read More
View Consultation on CAP decrease to £245/MWh from 8 February 2022

Consultation on CAP decrease to £245/MWh from 8 February 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £245/MWh. This two-day consultation will close at 17.00 on 24 January 2022. Please note the last notified CAP value of £340/MWh will not go live on 25 January following a Credit Committee decision on 20 January 2022 to retain the current CAP of £305/MWh.


Outcome

The consultation closed on Monday 24 January 2021 and it received no responses. As a result the CAP will decrease to £245/MWh from its current value of £305/MWh on Tuesday 8 February 2022.

  • Elexon Circular EL03517

View Credit Assessment Load Factor values for Spring 2022 appeal deadline

Credit Assessment Load Factor values for Spring 2022 appeal deadline

The Credit Assessment Load Factor (CALF) values for the Spring 2022 BSC Season, which runs from 1 March 2022 to 31 May 2022, are available from the Credit/Credit Alerting section under the Financial and Credit menu on the Elexon Portal.

If you are the Lead Party of a non-Credit Qualifying BMU, you can appeal an assigned CALF value if you believe it does not accurately represent your expected activity.

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View Elexon Board circular to BSC Parties from Board Chair Michael Gibbons

Elexon Board circular to BSC Parties from Board Chair Michael Gibbons

Source: Elexon Corporate website

ELEXON BOARD – CIRCULAR LETTER TO BSC PARTIES NO 10

This is the latest letter from the Elexon Board to BSC Parties and our stakeholders on our key activities as a Board. In this letter I am providing you with updates on market conditions, our Business Plan, MHHS (Market-wide Half-Hourly Settlement), Elexon Kinnect and Project Helix, our latest customer satisfaction survey and changes to the leadership of the company.

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View Elexon Kinnect: our cloud native digital platform explained

Elexon Kinnect: our cloud native digital platform explained

A new interactive publication is available called Elexon Kinnect: Our cloud native digital platform explained. It explains how the three elements of Kinnect – the Customer, Settlement and Insights Solutions – work, and the benefits that each will realise.

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View Consultation on CAP increase to £340/MWh from 25 January 2022

Consultation on CAP increase to £340/MWh from 25 January 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £340/MWh. This two-day consultation will close at 17.00 on 7 January 2022. Please note the last notified CAP value of £380/MWh will not go live on 7 January following a Credit Committee decision on 5 January 2022 to retain the current CAP of £305/MWh.


Update (20 Jan 2022)

The Credit Committee has been monitoring market data and held a meeting on 20 January 2022 to decide if the last notified CAP value of £340/MWh was still reflective of the recent market data and/or to propose a new CAP value for consultation.

The Credit Committee decided to cancel the last notified CAP value of £340/MWh, which was due to go live on 25 January 2022.

They also proposed a new CAP value of £245/MWh, which will go live on 8 February 2022. The next scheduled Credit Committee meeting is on 27 January where a new CAP could potentially be proposed. Therefore, the minimum duration of the new proposed CAP (£245/MWh) will be between 8 February 2022 and 15 February 2022.

We have provided more information on the rationale for this proposed CAP on the consultation webpage. Parties are invited to respond by 17:00 on Monday 24 January 2022.

  • Consultation on CAP decrease to £245/MWh from 8 February 2022
  • Elexon Circular EL03514

Outcome (10 Jan 2022)

On Tuesday 25 January 2022, the CAP value will increase to £340/MWh from current value of £305/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Circular EL03506

View Elexon 2022/23 business plan published

Elexon 2022/23 business plan published

Source: Elexon Corporate Website

We are asking for views from BSC Parties and stakeholders on our 2022/23 business plan which sets out how we will deliver our services and support Net Zero. Email your feedback to [email protected] by the end of 31 January.

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View Metering Dispensation consultation on re-calibration of Meters registered to CoPs 3 and 5

Metering Dispensation consultation on re-calibration of Meters registered to CoPs 3 and 5

We are seeking views from BSC Parties on whether they support the proposed Metering Dispensation (D/536) raised as part of Issue 97 and relating to Meter shortage risk driven by global materials availability and supply chain challenges.


Outcome (11 January)

The ISG (Imbalance Settlement Group) and SVG (Supplier Volume Allocation Group) have approved Metering Dispensations D/535 and D/536.


View Metering Dispensation consultation enabling Meter installation to pre-CP1527 implementation CoPs for 18 months

Metering Dispensation consultation enabling Meter installation to pre-CP1527 implementation CoPs for 18 months

We are seeking views from BSC Parties on whether they support the proposed Metering Dispensation (D/535) given the current Meter shortage issues and the ongoing struggles with obtaining crucial components for the manufacture of new Meters.


Outcome (11 January)

The ISG (Imbalance Settlement Group) and SVG (Supplier Volume Allocation Group) have approved Metering Dispensations D/535 and D/536.


View Consultation for a generic Metering Dispensation based on D/534

Consultation for a generic Metering Dispensation based on D/534

Seagreen Wind Energy Limited (SWEL) has applied for a site specific Metering Dispensation for a solution to the issue of metering its Low Voltage Direct Current (LVDC) supplies on its Seagreen Offshore Wind Farm. SWEL would be happy for it to be generic, as long as this does not introduce any delay.

We are seeking views on whether D/534 could be made generic instead of site specific, and whether it could be adapted to be more generic by including the various solutions under D/461 and D/474 and these Metering Dispensations end dated.


Outcome (11 January)

The SVG and ISG approved D/534 as we recommended subject to the condition that the Direct Current (DC) metering solution is not used for measuring DC supplies to customers for billing purposes. We have updated the Statement of Generic Metering Dispensations to reflect their decisions. You can find more details about the consolidated solution to metering LVDC supplies on Offshore Wind Farms on the statement.


View 2021 customer survey shows satisfaction levels remain high

2021 customer survey shows satisfaction levels remain high

Elexon’s 2021 customer survey results show that 91% of respondents believe our service has improved over the last year, or stayed the same. Overall satisfaction with our service remains consistently high, with 69% of respondents giving us a score of 8 to 10 out of 10.

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View Issue 93 consultation: cease using Codes of Practice 6 to 9

Issue 93 consultation: cease using Codes of Practice 6 to 9

As part of Issue 93 we are aiming to consolidate the Codes of Practice (CoPs) into one document. The Issue Group believes this will remove any inconsistencies between the CoPs and provide an easier experience for participants using and interpreting the CoPs.

View Changes to BSC Parties and Qualified Persons: December 2021

Changes to BSC Parties and Qualified Persons: December 2021

This page lists changes to the status of Balancing and Settlement (BSC) Parties and Qualified Persons in December. It includes information on any new qualifications and registrations, new market participants, withdrawals and defaults.

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View Credit Assessment Price increase to £305/MWh

Credit Assessment Price increase to £305/MWh

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £305/MWh from the last notified value of £230/MWh. This two-day consultation closed at 17.00 on 2 December.

Outcome

The CAP value will increase to £305/MWh on Friday 17 December 2021. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

Three consultation responses disagreed with the proposed value. The Credit Committee considered the consultation responses without holding a Credit Committee meeting, so as not to hold up the implementation of the increased CAP value. These responses will also be considered in more detail at the next Credit Committee meeting, which will be in the week beginning 13 December 2021.

 

View Shared Supplier Volume Allocation (SVA) Metering System obligations

Shared Supplier Volume Allocation (SVA) Metering System obligations

The Trading Disputes Committee (TDC) has recently encountered a number of Trading Disputes where the root cause was determined to be issues with implementing or maintaining a Shared Supplier Volume Allocation (SVA) Metering System. We want to ensure that Parties understand their obligations and the processes they must follow to prevent future impacts to Settlement.

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View Ofgem approve Elexon’s Business Separation Plan for Market-wide Half Hourly Settlement

Ofgem approve Elexon’s Business Separation Plan for Market-wide Half Hourly Settlement

On 19 November 2021, Ofgem approved Elexon’s Business Separation Plan for the Market-wide Half Hourly Settlement (MHHS) Programme.

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View Consultation: Credit Assessment Price decrease to £230/MWh

Consultation: Credit Assessment Price decrease to £230/MWh

We are consulting on a decrease of the CAP to £230/MWh from the last notified value of £240/MWh. This is a two day consultation, and will close at 17:00 on 18 November 2021.

Outcome

The consultation closed on Thursday 18 November 2021 and two responses disagreed with the proposed value.

The Credit Committee considered the consultation responses without holding a Credit Committee meeting, so as not to hold up the implementation of the reduced CAP value. These responses will be considered in more detail at the next Credit Committee meeting, which will be in the week beginning 29 November 2021.

  • Circular EL03457
View Review of the MHHS 2021/22 costs – £4m to be returned to Suppliers in December

Review of the MHHS 2021/22 costs – £4m to be returned to Suppliers in December

The MHHS Implementation Management Charge was set by the BSC Panel at its June meeting at £0.03847/Supplier Volume Allocation MSID, per month. This charge was initially calculated on the basis of the annual MHHS budget, however we committed at the June 2021 Panel meeting to review the charge later in the financial year once there was a better view of the costs likely to be incurred.

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View Deadline approaching: Submission of GC/DC values for Winter 2021

Deadline approaching: Submission of GC/DC values for Winter 2021

The Winter BSC Season starts on Wednesday 1 December and the deadline is approaching for Parties to submit their Generation Capacity (GC) and a Demand Capacity (DC). There are two different ways you can submit these values. If you use Elexon Kinnect, the final deadline for submitting GC/DC values via the Customer Solution is 17:00 on Friday 12 November. If you are submitting the values by the BSCP15/4.3 form, the deadline for submission is 17:00 on Wednesday 17 November.

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View Modification P399 implemented to support greater competition for balancing services

Modification P399 implemented to support greater competition for balancing services

On 4 November Elexon implemented five changes to the Balancing and Settlement Code (BSC) as part of the November 2021 release. This comprises one Modification, P399 ‘Making the identity of Balancing Service providers visible in the Balancing Services Adjustment Data’, and four Change Proposals. Modifications amend BSC rules and Change Proposals amend BSC subsidiary documents.  

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View Credit Assessment Price decrease to £240/MWh on 18 November

Credit Assessment Price decrease to £240/MWh on 18 November

Following a consultation, the Credit Assessment Price (CAP) value will decrease from £259/MWh to £240/MWh on Thursday 18 November 2021.

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View Consultation issued on 01 November on decrease of the CAP to £240/MWh

Consultation issued on 01 November on decrease of the CAP to £240/MWh

We are consulting on a decrease of the CAP to £240/MWh from the last notified value of £259/MWh. A change to CAP can impact the amount of Credit Cover required by a BSC Party.

View Changes to BSC Parties and Qualified Persons: November 2021

Changes to BSC Parties and Qualified Persons: November 2021

This page lists changes to the status of Balancing and Settlement (BSC) Parties and Qualified Persons in November. It includes information on any new qualifications and registrations, new market participants, withdrawals and defaults.

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View Elexon Chief Executive Mark Bygraves to step down

Elexon Chief Executive Mark Bygraves to step down

Source: Elexon Corporate website
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View P412 National Grid ESO Consultation: responses due by 5pm on 26 November 2021

P412 National Grid ESO Consultation: responses due by 5pm on 26 November 2021

Source: National Grid ESO

NationalGrid invite all interested parties to respond to this consultation setting out their views on the options identified and any other areas that they consider to be relevant.  The conclusions from this consultation will feed into the P412 development process and allow all participants, NGESO and Ofgem to make an informed decision on how to progress an appropriate solution to this issue.

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View Volume Notification on ‘Long’ Clock Change Day: Sunday 31 October

Volume Notification on ‘Long’ Clock Change Day: Sunday 31 October

There will be 50 Settlement Periods instead of the standard 48 on the ‘long’ clock day change. This page explains the impact of the clock change on contract notifications and reports.

UK time changes on Sunday 31 October 2021 from British Summer Time (BST) to Greenwich Mean Time (GMT)/ Coordinated Universal Time (UTC) at 02:00 (BST). This will result in a ‘long’ day as the clocks go back an hour.

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View Changes to BSC Parties and Qualified Persons: October 2021

Changes to BSC Parties and Qualified Persons: October 2021

This page lists changes to the status of Balancing and Settlement (BSC) Parties and Qualified Persons in October. It includes information on any new qualifications and registrations, new market participants, withdrawals and defaults.

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View Alternative CAP Review process consultation

Alternative CAP Review process consultation

This consultation seeks views on including an alternative review process in the Credit Assessment Price (CAP) Review Guidance Document in light of volatile electricity market prices.

View Credit Assessment Price increase to £259MWh from 4 November

Credit Assessment Price increase to £259MWh from 4 November

Following consultation and a subsequent meeting of The Credit Committee,  the CAP will increase on Thursday 4 November 2021 to £259/MWh, from the last notified value of £184/MWh. Please note the last notified CAP of £184/MWh will still be implemented on 21 October 2021.

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View P332 Report Phase Consultation: Revisions to the Supplier Hub Principle

P332 Report Phase Consultation: Revisions to the Supplier Hub Principle

This is the Report Phase Consultation for P332 ‘Revisions to the Supplier Hub Principle’.

This Modification seeks to address issues associated with customer preferred Supplier Agents. The proposed solution is a side letter between Elexon and Supplier Volume Allocation (SVA) Data Collectors (DCs) which will enable a Supplier who does not have a direct contract with the DC to enforce, as a last resort, the side letter as a proxy contract, to ensure that BSC obligations are met. The proposed solution will now apply to SVA DCs only as SVA Meter Operator governance will move from the BSC to the Retail Energy Code (REC) from 1 September 2021 as part of Retail Code Consolidation (RCC).

View Consultation issued on 4 October on increase of the CAP to £259/MWh

Consultation issued on 4 October on increase of the CAP to £259/MWh

We are consulting on an increase of the CAP to £259/MWh from the last notified value of £184/MWh. A change to CAP can impact the amount of Credit Cover required by a BSC Party.

View Our responses to consultations on code reform and the Future System Operator

Our responses to consultations on code reform and the Future System Operator

Elexon has published its responses to the consultations by the Government and Ofgem on reforming the energy code arrangements and the Future System Operator (FSO) role. We believe that the proposed framework is a sound footing on which to build an energy system to deliver net zero and note that consolidation and simplification should follow. We look forward to working with the Government and Ofgem to deliver the outcomes of the consultations.

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View CCDG recommendations following MHHS transition consultation

CCDG recommendations following MHHS transition consultation

Elexon has today published and delivered to Ofgem the recommendations made by the Code Change and Development Group (CCDG), following the CCDG’s consultation on the transition and migration approach to support Market-wide Half Hourly Settlement (MHHS) implementation.

The CCDG is one of two industry workgroups for which Elexon has been providing technical leadership, to support further development of the MHHS Target Operating Model.

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View Changes to BSC Parties and Qualified Persons: September 2021

Changes to BSC Parties and Qualified Persons: September 2021

This page lists changes to the status of Balancing and Settlement (BSC) Parties and Qualified Persons in September. It includes information on any new qualifications and registrations, new market participants, withdrawals and defaults.

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View BSC Insight: What is Credit Cover and how does the Credit Assessment Price affect it?

BSC Insight: What is Credit Cover and how does the Credit Assessment Price affect it?

The Credit Assessment Price has changed nine times in 2021 and we recently consulted on increasing the Credit Assessment Price again to a record high of £184/MWh. The Credit Assessment Price is used as a proxy for future Energy Imbalance Prices in the calculation of Credit Cover requirements. Emma Tribe, our Senior Product Analyst from the Analysis and Insights team, explains how the Credit Assessment Price is related to a Parties Credit Cover requirements.

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View BSC Panel response to the consultation by the Government and Ofgem on energy code reforms

BSC Panel response to the consultation by the Government and Ofgem on energy code reforms

The BSC Panel has published a formal response to the Ofgem and the Department for Business, Energy & Industrial Strategy (BEIS) joint consultation which seeks views on a range of proposed reforms of energy codes.

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View System Prices spike on 7 and 9 September 2021

System Prices spike on 7 and 9 September 2021

On Tuesday 7 September, System Prices peaked at £3,403.70/MWh and remained above £2,900/MWh for an hour and a half. Wholesale gas and electricity balancing volumes prices have been increasing this summer due to colder summer weather, low wind generation and reported shortages of gas.

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View Consultation on the Market Index Definition Statement (MIDS) Review 2021

Consultation on the Market Index Definition Statement (MIDS) Review 2021

We are seeking your views on the annual Market Index Definition Statement (MIDS) review. If you represent BSC Parties or any other party in connection with the MIDS please respond to this online consultation.

View Updated TAA COVID-19 working practices for site audits

Updated TAA COVID-19 working practices for site audits

As of 19th July 2021, the government no longer instructs people to work from home. Therefore, with authorisation from our customers we plan to restart on site audits. The Technical Assurance Agent (TAA), currently C&C Group Holdings Ltd, have updated our procedure and practices and these must be followed by all staff when working off site in order to minimise risk to themselves and others.

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View P350 Draft reference Network Mapping Statement consultation

P350 Draft reference Network Mapping Statement consultation

This consultation seeks views on the draft reference Network Mapping Statement  for use in the allocation of Transmission Loss Factors (TLFs) for BSC Year 2022-2023. 

View CALF values winter season: November 2021 appeal deadline

CALF values winter season: November 2021 appeal deadline

If you are the Lead Party of a non-Credit Qualifying Balancing Mechanism Unit (BMU), you can appeal an assigned CALF value if you believe it does not accurately represent your expected activity.

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View Credit Assessment Price to increase on 8 September 2021

Credit Assessment Price to increase on 8 September 2021

Following consultation, the Credit Assessment Price (CAP) will increase from £96/MWh to  £113/MWh, effective from Wednesday 8 September 2021.

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View P350: Consultation on Methodology for Load Periods and Sample Settlement Periods 18 August 2021

P350: Consultation on Methodology for Load Periods and Sample Settlement Periods 18 August 2021

This consultation details the proposed methodology for setting Load Periods and Sample Settlement Periods used in the derivation of Zonal Transmission Loss Factors (TLFs), as required by the Balancing and Settlement Code (BSC).

View Credit Assessment Price Consultation 9 August 2021

Credit Assessment Price Consultation 9 August 2021

We have issued a consultation paper on the value of the Credit Assessment Price (CAP). We are consulting on an increase of the CAP to £113/MWh from the current value of £96/MWh. 

This consultation has now closed. See the outcome of the consultation.

View MHHS Programme Governance Framework issued 30 July 2021

MHHS Programme Governance Framework issued 30 July 2021

Today Elexon, on behalf of the MHHS Programme (Implementation Manager), is publishing a consultation on the details of the proposed MHHS Programme governance framework on the BSC website (in lieu of the MHHS Programme’s website going live).

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View Technical Assurance Agent Management Tool (TAAMT) Demonstration 6 August 2021

Technical Assurance Agent Management Tool (TAAMT) Demonstration

The Technical Assurance Agent (TAA) will be hosting a demonstration of the new upgraded TAAMT system, used for the administration of the Technical Assurance of Metering (TAM) audits. Elexon and the TAA will walk through the new system and also give TAAMT users an opportunity to ask questions.

For the avoidance of doubt, this demonstration will focus on the TAAMT system, not the TAM technique itself. As such, it will only be relevant to TAAMT users.

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View Board approves budget for MHHS implementation programme

Board approves budget for MHHS implementation programme

Elexon is managing the implementation of the industry-led MHHS Programme and as such is the Senior Responsible Owner and Programme Manager. Elexon’s Board has approved a budget of £14.5m for the first year (2021/22) of the implementation programme for Market-wide Half Hourly Settlement (MHHS).

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View CAP increase announced for 3 August 2021

CAP increase announced for 3 August 2021

On Tuesday 3 August 2021, the CAP value will increase from £77/MWh to £96/MWh.

The CAP review trigger level value will also increase to +/- £10/MWh.

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View BSC 2021 Annual Seminar – recording and slides now available

BSC 2021 Annual Seminar – recording and slides now available

Source: Elexon Corporate website

Our annual Balancing and Settlement Code (BSC) meeting and seminar took place on Thursday 8 July where our executive team presented on our performance, strategic objectives and how our work supports progress to net zero.

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View CCDG transition plan consultation and webinar

CCDG transition plan consultation and webinar

On 5 July 2021 we published a consultation on the transition and migration approach that the Code Change and Development Group (CCDG) has developed to support implementation of Market-wide Half Hourly Settlement (MHHS). We hosted a webinar about the consultation on 7 July.

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View 300 customers now use Kinnect Customer Solution [Board Circular 9]

300 customers now use Kinnect Customer Solution [Board Circular 9]

Source: Elexon Corporate website

In the latest Elexon Board circular letter to BSC Parties, Board Chairman Michael Gibbons has highlighted the success so far in the roll out of the Customer Solution, the first major component that Elexon has delivered for its new digital platform – Elexon Kinnect.

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View Credit Assessment Price Consultation 5 July 2021

Credit Assessment Price Consultation 5 July 2021

We have issued a consultation paper on the value of the Credit Assessment Price (CAP). We invite Parties to indicate whether they agree with the proposal to increase the CAP to £96/MWh from the current value of £77/MWh.

View Ending COVID-19 derogations: three month notice period from 1 July

Ending COVID-19 derogations: three month notice period from 1 July

The three-month notice period required to end the COVID-19 Supplier derogations begins on 1 July. The Performance Assurance Board (PAB) made this decision at its meeting on 24 June 2021, taking into account feedback from industry and the loosening of COVID-19 restrictions.

The PAB believe that there is now a reasonable level of confidence that Government restrictions which significantly impact Settlement operations have concluded. In particular, whilst some restrictions do remain in place, very few business premises are now required to remain closed.

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View Desktop audits, CVA and SVA inspections become mandatory

Desktop audits, CVA and SVA inspections become mandatory

The Performance Assurance Board (PAB) has recently announced changes to the mandatory status of Desktop Audits, Central Volume Allocation and Supplier Volume Allocation onsite Inspection Visits.

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View Issue relating to EPEX SPOT & ECC on 27/28 June (Now resolved)

Issue relating to EPEX SPOT & ECC on 27/28 June (Now resolved)

Please note that this issue has now been resolved

  • More information is available in Elexon Circular EL03332
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View Open Data Requests for BSC Data now available

Open Data Requests for BSC Data now available

From 24 June 2021 individuals can request that BSC data is made openly available, regardless of whether or not they are a BSC Party.

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View Introduction of MHHS Implementation Monthly Charge

Introduction of MHHS Implementation Monthly Charge

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View Hear from the Energy Minister at Elexon’s 2021 annual seminar

Hear from the Energy Minister at Elexon’s 2021 annual seminar

Our annual BSC seminar takes place from 14:00 to 16:00 on 8 July 2021, where you will hear from the Energy Minister and other senior industry figures. Elexon’s senior leadership team will be providing an overview of our performance over 2020/21 and explaining how we have supported progress to net zero. You will also be able to vote to appoint the Board Directors.

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View Architecture Working Group recommendation on reference architecture to support MHHS

Architecture Working Group recommendation on reference architecture to support MHHS

On 14 June 2021 we published the Architecture Working Group’s (AWG) recommendation to Ofgem that ‘event-driven’ reference architecture is developed to support Market-wide Half Hourly Settlement (MHHS) implementation. 

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View Webinar on Market-wide Half Hourly Settlement Programme Budget

Webinar on Market-wide Half Hourly Settlement Programme Budget

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View Clarification of criteria for Non-Domestic SVA Metering Systems to be allocated to Profile Classes 3 or 4

Clarification of criteria for Non-Domestic SVA Metering Systems to be allocated to Profile Classes 3 or 4

In response to recent enquiries from Suppliers and other parties, we have been reviewing whether the criteria that Suppliers must follow when deciding whether to allocate Non-Domestic SVA Metering Systems to Profile Classes 3 or 4 are clear. These criteria are laid out in BSCP516: ‘Allocation of Profile Classes and SSC’s for Non Half Hourly SVA Metering Systems Registered in SMRS’, and are particularly relevant to:

  • Suppliers deciding whether a new connection should be settled as Non Half Hourly (NHH) in Profile Class 3 or 4, or as Half Hourly (HH); and
  • Suppliers deciding whether an existing connection that is currently being settled HH can be changed to NHH in Profile Classes 3 or 4.
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View Participate in design of Elexon’s future data and reporting service

Participate in design of Elexon’s future data and reporting service

We are recruiting interested parties to join our Data and Reporting User Group. The User Group is being formed to allow our customers and stakeholders the opportunity to help shape the design of the Elexon Kinnect Insights Solution, which is one of the three elements that make up our new digital platform, Elexon Kinnect. 

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View Ofgem approves Emergent Energy’s proposal to use the BSC Sandbox

Ofgem approves Emergent Energy’s proposal to use the BSC Sandbox

Energy regulator Ofgem has approved the first proposal to use Elexon’s Balancing and Settlement Code (BSC) Sandbox. The BSC Sandbox allows innovators to trial concepts in a live market environment without having to meet all the usual BSC rules.

Ofgem’s decision follows Elexon’s consultation on a proposal by Emergent Energy to use the service. The BSC Panel then recommended the proposal for approval by Ofgem.

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View CAP increase announced for 16 June 2021

CAP increase announced for 16 June 2021

On Wednesday 16 June 2021, the CAP value will increase to £77/MWh. This follows a consultation which closed Tuesday 25 May 2021 with no responses disagreeing to the proposal.

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View Modification P399 approved by Ofgem

Modification P399 approved by Ofgem

On 18 May, Ofgem approved Modification P399. This modification will level the playing field between publicly available data on BM and non-BM trades, so that market participants can identify the organisations and assets which are providing these additional non-BM balancing services. P399 will be implemented on 4 November 2021 as part of the November 2021 BSC release.

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View CAP increase consultation announced 17 May 2021

CAP increase consultation announced 17 May 2021

Following an increase in forward market prices, a Credit Assessment Price (CAP) review was triggered. There is now a consultation paper on the value of the CAP which asks whether you agree with the proposal to increase the value of CAP.

The proposal is to increase the value of CAP to £77/MWh from last notified value of £70/MWh

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View CAP increase announced for 3 June 2021

CAP increase announced for 3 June 2021

On Thursday 3 June 2021, the CAP value will increase from £60/MWh to £70/MWh. This follows a consultation paper issued on Tuesday 4 May 2021 following a breach of the CAP trigger level.

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View CAP increase consultation announced 04 May 2021

CAP increase consultation announced 04 May 2021

Following an increase in forward market prices, a Credit Assessment Price (CAP) review was triggered. There is now a consultation paper on the value of the CAP which asks whether you agree with the proposal to increase the value of CAP.

The proposal is to increase the value of CAP to £68/MWh from last notified value of £60/MWh.

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View Consultation on reference architecture to support MHHS

Consultation on reference architecture to support MHHS

Today (26 April) we have published the Architecture Working Group (AWG) consultation on the reference architecture to support Market-wide Half Hourly Settlement (MHHS) implementation.

The additional meter readings available from smart meters will result in a big increase in the volume and frequency of meter data that needs to be settled. This requires a different approach to the way energy companies interact with each other and Settlement data. The reference architecture sets out the framework for this new data integration.

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View Elexon appointed Senior Responsible Owner for MHHS

Elexon appointed Senior Responsible Owner for MHHS

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View CAP increase announced for 12 May 2021

CAP increase announced for 12 May 2021

A Consultation paper on the value of Credit Assessment Price (CAP) was issued on Monday 12 April 2021 following a breach of the CAP trigger level. No responses disagreed with the proposed value and its was agreed that CAP value will increase to £60/MWh.

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View Code Change and Development Group consultation responses published

Code Change and Development Group consultation responses published

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View CAP increase consultation announced 12 April 2021

CAP increase consultation announced 12 April 2021

Following an increase in forward market prices, a Credit Assessment Price (CAP) review was triggered. There is now a consultation paper on the value of the CAP which asks whether you agree with the proposal to increase the value of CAP.

The proposal is to increase the CAP to £60/MWh from the last notified CAP value of £54/MWh.

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View Twentieth anniversary of the Balancing and Settlement Code

Twentieth anniversary of the Balancing and Settlement Code

This Saturday marked the 20th anniversary of the Balancing and Settlement Code (BSC), which was launched as part of NETA (the New Electricity Trading arrangements) on 27 March 2001.

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View Final Elexon business plan for 2021/22 published

Final Elexon business plan for 2021/22 published

Elexon has published the final version of its business plan for 2021/22, following feedback from the BSC Panel and BSC Parties. We thank everyone that provided feedback on the plan. Elexon’s board discussed this in detail at its February 2021 meeting. The feedback was also presented to the BSC Panel at its February meeting.

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View Modification P379 is withdrawn but learnings can support future change

Modification P379 is withdrawn but learnings can support future change

Modification P379 ‘Multiple Suppliers through Meter Splitting’ has been withdrawn by the proposer after independent analysis of the proposal showed that the costs for implementing it would significantly outweigh the benefits.

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View 2021 is a key year for our new digital platform

2021 is a key year for our new digital platform

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View CAP decreases to £54/MWh from 23 March 2021

CAP decreases to £54/MWh from 23 March 2021

The CAP (Credit Assessment Price) will decrease to £54/MWh from the last notified value of £64/MWh on Tuesday 23 March 2021.

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View Ground-breaking Modification to support net zero is approved

Ground-breaking Modification to support net zero is approved

Energy regulator Ofgem has approved BSC Modification P375 a ground-breaking change to the Balancing and Settlement Code (BSC) which will allow individual Asset Meters located ‘behind the boundary point’ to be used for Settlement purposes.

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View Video: BSC Change on their updated ways of working

Video: BSC Change on their updated ways of working

The BSC Change team have published a new video outlining the changes to their ways of working they have made in the last year. This is based on feedback they received from BSC Parties.

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View Elexon proposes reforms to System Operator roles and code arrangements

Elexon proposes reforms to System Operator roles and code arrangements

Elexon has set out options for a single energy code body to work alongside a reformed System Operator (SO) in their new policy, ‘Reforming the System Operator Roles and Code Arrangements’. This approach will allow better management of the energy system on the road to net zero.

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View Have your say – proposal to use the BSC Sandbox

Have your say – proposal to use the BSC Sandbox

You have the chance to take part in Elexon’s consultation on the first proposal to use the new Balancing and Settlement Code (BSC) Sandbox. 

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View Approval of Modification P398 increases access to BSC data

Approval of Modification P398 increases access to BSC data

Ofgem has approved Modification P398 ‘Increasing access to BSC Data’ for implementation on 24 June 2021. P398 will amend the BSC so that all data is assumed open unless there is a reason otherwise and will not directly impact any market participants. BSC Parties and non-BSC Parties will be able to apply for data under a new process introduced by this Modification. This Modification will better align the BSC with moves towards a smarter energy system.

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View CAP increases to £64/MWh from 23 February 2021

CAP increases to £64/MWh from 23 February 2021

The Credit Assessment Price (CAP) will increase to £64/MWh, effective from Tuesday 23 February 2021. 

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View First week of operation for new UK-France interconnector

First week of operation for new UK-France interconnector

The new 149-mile interconnector, Interconnexion France-Angleterre 2 (IFA2), that runs between the UK and France has been operational for one week. Linking the Hampshire and Normandy coastlines, the interconnector has been importing and exporting clean electricity between GB and Europe since 20:30 on 22 January 2021.

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View Elexon Kinnect Customer Solution goes live

Elexon Kinnect Customer Solution goes live

The new self-service gateway element of our new digital platform – the Elexon Kinnect Customer Solution – is now live.

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View Ofgem proposes that Elexon is owner for MHHS implementation

Ofgem proposes that Elexon is owner for MHHS implementation

Ofgem has today, 22 January 2021, published its consultation on implementation principles for Market-wide Half Hourly Settlement (MHHS) in which it explains its ‘plan to clearly place responsibility for management and delivery of the programme with industry.’ 

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View Have your say regarding ‘Meter Splitting’ Proposal

Have your say regarding ‘Meter Splitting’ Proposal

A Cost Benefit Analysis (CBA) consultation for P379 ‘Multiple Suppliers through Meter Splitting’ has been issued by the BSC Panel. We are asking you to get involved by completing our consultation for P379.

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View System Prices spike due to ‘Beast from the East 2’

System Prices spike due to ‘Beast from the East 2’

System Prices reached or exceeded £1,000/MWh on seven occasions from 6 to 8 January due to cold weather brought on from the ‘Beast from the East 2’.

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View CAP increases to £62/MWh from 27 January 2021

CAP increases to £62/MWh from 27 January 2021

The CAP will increase to £62/MWh – not the proposed £60/MWh – on Wednesday 27 January 2021.

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View BMRS approved as the Reporting Service for Great Britain

BMRS approved as the Reporting Service for Great Britain

Ofgem has designated the Balancing Mechanism Reporting Service (BMRS) as the Reporting Service for Great Britain in an open letter on the 4 January 2021.

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View Customer survey shows appreciation of our support during COVID-19

Customer survey shows appreciation of our support during COVID-19

The results of Elexon’s 2020 annual customer survey sees improvements in a number of our core services and highlights that the support we have provided our customers during COVID-19 was appreciated.

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View Interconnectors exempted from Funding Share BSC Charges

Interconnectors exempted from Funding Share BSC Charges

Given the approval of BSC Modification P396 by Ofgem in March 2020, from 1 December all BSC Trading Parties that are not Interconnectors will have to pay the BSC Funding Share costs that were previously attributed to Interconnectors.

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View BSC Parties receive £1.5m in savings from Elexon

BSC Parties receive £1.5m in savings from Elexon

BSC Trading Parties will be given £1.5m through a reduction in Elexon’s billing over the coming months. This has been driven by a number of cost efficiencies and savings made by the company.

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View COVID-19: Possible estimation derogation changes after lockdown announced

COVID-19: Possible estimation derogation changes after lockdown announced

See updates regarding estimation derogations during COVID-19.

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View UMS MPANs with 100kW demand to be migrated

UMS MPANs with 100kW demand to be migrated

Unmetered Supplies (UMS) Metering Point Administration Numbers (MPANs) with a maximum demand over 100kW must be migrated to Half-Hourly (HH) settlement; the proposed deadline for this migration is 1 April 2021.

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View Settlement Adjustment after Demand Control Events

Settlement Adjustment after Demand Control Events

A BSC rule change was implemented on 12 October 2020, requiring Elexon to determine whether Settlement Adjustment Processes (SAPs) should be used if a Demand Control Event (DCE) occurs in future.

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View Virtual Lead Parties could trade in the wholesale market

Virtual Lead Parties could trade in the wholesale market

Elexon is calling for volunteers to join a new Workgroup to assess a Balancing and Settlement Code Modification proposal allowing Virtual Lead Parties to trade electricity from demand-side response (DSR) providers directly in the wholesale electricity market.

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View COVID-19: Estimation derogations ending on 31 December 2020

COVID-19: Estimation derogations ending on 31 December 2020

See updates regarding estimation derogations during COVID-19.

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View Large scale change to Market Domain Data

Large scale change to Market Domain Data

Find out the latest updates for 28 September 2020 regarding the submission of Market Domain Data (MDD) Plan for Ofgem’s Targeted Charging Review (TCR).

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View Annual BSC Meeting – highlights

Annual BSC Meeting – highlights

On Thursday 10 September 2020, Elexon hosted the first ever virtual annual BSC Meeting and Seminar.

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View More electricity market data is now available

More electricity market data is now available

As part of the commitment to improving access to electricity market data, we have now made more electricity Settlement data available.

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View Delivering CP ‘Interconnector Fuel Type update to BMRS’ earlier

Delivering CP ‘Interconnector Fuel Type update to BMRS’ earlier

There is an opportunity to deliver CP1535 ‘Interconnector Fuel Type Category update to BMRS’ earlier. This chance has come about following the further Trans European Replacement Reserve Exchange (TERRE) delay announcement.  

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View Board Directors – re-appointment and re-election

Board Directors – re-appointment and re-election

BSC Parties voted whether to approve the appointment or re-appointment of Board Directors in their last year, and whether to re-elect all other Board directors at the virtual Annual BSC Meeting on 10 September.

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View GB participation in TERRE delayed until 2021

GB participation in TERRE delayed until 2021

National Grid ESO (NGESO) have announced that it is now not possible to facilitate GB participation in the Replacement Reserve (RR) market for the Trans-European RR Exchange (TERRE) before the end of 2020.

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View Market Index Definition Statement Review 2020 – consultation open

Market Index Definition Statement Review 2020 – consultation open

Our yearly analysis suggests that there are no further changes to the MIDS required at this time, with the current Individual Liquidity Threshold (ILT), timeband weightings and product weightings remaining suitable.

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View BSC Panel Election 2020 – new panel elected

BSC Panel Election 2020 – new panel elected

The five successful candidates have been announced and will be a part of the BSC Panel for a two-year period from 1 October 2020. 

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View COVID-19: Consumption estimation derogations update

COVID-19: Consumption estimation derogations update

See updates regarding estimation derogations during COVID-19.

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View Changes to Settlement metering for a more flexible system

Changes to Settlement metering for a more flexible system

Consulting has begun on proposals to change the Balancing and Settlement Code (BSC) so that individual asset meters located ‘behind the boundary point’ can be used for Settlement purposes.

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View Hear from Ofgem CEO at our Annual BSC Meeting

Hear from Ofgem CEO at our Annual BSC Meeting

Ofgem CEO, Jonathan Brearley, will be speaking at our virtual Annual BSC Meeting and Seminar on Thursday 10 September from 14:00 to 16:00.

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View Elexon on Market-wide Half Hourly Settlement Programme Manager role

Elexon on Market-wide Half Hourly Settlement Programme Manager role

Elexon have published its views to Ofgem’s consultation about having a Programme Manager (PM) for the introduction of Market-wide Half Hourly Settlement (MHHS).

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View Re-opening Elexon’s office: Building back better

Re-opening Elexon’s office: Building back better

An open letter from Elexon CEO Mark Bygraves about opening the Elexon offices:

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View Progress on our new digital platform

Progress on our new digital platform

The latest circular from the Board to BSC Parties highlights that delivery of system changes to support GB participation in Project TERRE (Trans European Replacement Reserve Exchange, amongst other highlights. 

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View Balancing and Settlement Code sandbox now available for innovators

Balancing and Settlement Code sandbox now available for innovators

Today sees the launch of a new support service where innovators from new and existing companies can trial products and services which could transform the electricity sector

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View COVID-19: End to BSC derogations and suspensions

COVID-19: End to BSC derogations and suspensions

The Performance Assurance Board (PAB) has agreed an approach and timescales for ending the derogations from BSC rules and resuming Performance Assurance Techniques, which have supported BSC Parties in managing the impact of COVID 19. 

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View Performance Assurance Report 2019/20 published

Performance Assurance Report 2019/20 published

The latest Annual Performance Assurance Report (APAR) for 2019/20 has been published. The report looks back at notable achievements and delivery within Performance Assurance in the past year.

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View Our 2019/20 BSC Annual Report

Our 2019/20 BSC Annual Report

Today (30 June) we have published our Annual Balancing and Settlement Code (BSC) Report for 1 April 2019 to 31 March 2020. The report gives many examples of how Elexon and the BSC Panel have worked together to proactively manage the BSC and support moves to a smarter, more flexible electricity system.

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View Supplier Charges values and GSP Group liability caps: 2020/21

Supplier Charges values and GSP Group liability caps: 2020/21

Elexon has calculated the Grid Supply Point (GSP) Group liability caps and Supplier Charge values for the BSC Year 2020/21. The Performance Assurance Board (PAB) has approved the revised GSP Group liability caps and Supplier Charges to be applied to the reporting periods April 2020 – March 2021.

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View Government decides outcome from April’s smart meter consultation

Government decides outcome from April’s smart meter consultation

The Department for Business, Energy and Industrial Strategy (BEIS) has published its decision to not require the smart meter Data Communications Company (DCC) to provide an enrolment service for the ‘first generation’ SMETS1 EDMI meter set.

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View Project MARI Workgroups begin next week

Project MARI Workgroups begin next week

Next week Elexon and National Grid ESO will begin the first Workgroups to develop changes to the Balancing and Settlement Code and the Grid Code to support Project MARI – a new European platform for providing balancing services.

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View COVID-19: Submitting estimates during lockdown

COVID-19: Submitting estimates during lockdown

See updates regarding estimation derogations during COVID-19.

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View Technical changes deployed to support Project TERRE

Technical changes deployed to support Project TERRE

A major milestone was reached on 29 May as the technical changes necessary to enable GB industry parties to join the central Trans-European Replacement Reserve Exchange (TERRE) platform and trade in the European electricity market was successfully deployed. 

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View Credit Assessment Price (CAP) – price stays at £30/MWh

Credit Assessment Price (CAP) – price stays at £30/MWh

The Credit Committee deemed it appropriate to keep the Credit Assessment Price (CAP) at the current price of £30/MWh. Discussions were held by the Committee regarding whether to revise the current price of £30/MWh following recent changes in forward market prices.

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View Implementation of Modification P403

Implementation of Modification P403

Modification P403 ‘BSC Arrangements in the event that the TERRE Market is suspended by National Grid ESO’ will be implemented on 28 May 2020.

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View COVID-19: BSC Performance Assurance Board (PAB) approves further derogations

COVID-19: BSC Performance Assurance Board (PAB) approves further derogations

On 3 April 2020, the BSC Performance Assurance Board (PAB) approved temporary derogations from the BSC rules, in accordance with BSCP537, which allowed Suppliers to submit new estimates for non-domestic properties which better reflect their consumption during this period of lockdown.

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View TERRE Delayed: Elexon response to National Grid ESO’s announcement

TERRE Delayed: Elexon response to National Grid ESO’s announcement

On Friday, National Grid ESO announced a delay to implementing the necessary changes that will enable industry parties in Great Britain to participate in the Project Trans-European Replacement Reserve Exchange (TERRE).

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View COVID-19: Managing changes to the Balancing and Settlement Code

COVID-19: Managing changes to the Balancing and Settlement Code

At its monthly meeting on 9 April, the Balancing and Settlement Code (BSC) Panel agreed a set of principles for Elexon to work to, when progressing changes to the code while the industry manages the impact of COVID-19.

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View Smart meter consultation including changes to the BSC

Smart meter consultation including changes to the BSC

The Department for Business, Energy and Industrial Strategy (BEIS) is consulting on whether the smart meter Data Communications Company (DCC) should be required to provide an enrolment service for EDMI SMETS1 (Smart Metering Equipment Technical Specification) meters. EDMI is a meter manufacturer.

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View Making electricity market data more openly available

Making electricity market data more openly available

As part of Elexon’s commitment to improving access to electricity market data, we have now made some electricity Settlement data available via a new Open Settlement Data page.

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View COVID-19: Updated guidance documents on Half Hourly Estimation (V2.1) and Non-Half Hourly Estimation (V2.0)

COVID-19: Updated guidance documents on Half Hourly Estimation (V2.1) and Non-Half Hourly Estimation (V2.0)

On Friday 3 April the BSC Performance Assurance Board (PAB) gave urgent approval to two temporary derogations allowing Suppliers to input more accurate estimates into our Settlement system during COVID-19

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View COVID-19: Suspension of EFR Process, Supplier Charges and more

COVID-19: Suspension of EFR Process, Supplier Charges and more

An updated message from Mark Bygraves, CEO.

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View Message from Mark Bygraves: Supporting Our Customers

Message from Mark Bygraves: Supporting Our Customers

A letter from CEO Mark Bygraves about support during these difficult times.

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View CAP decreases to £30/MWh from 16 April 2020

CAP decreases to £30/MWh from 16 April 2020

On Thursday 16 April 2020, the CAP value will decrease from £36/MWh to £30/MWh.

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View Changes to SAA Settlement Report (SAA-I014)

Changes to SAA Settlement Report (SAA-I014)

From the 1 April 2020, Elexon will stop production and cease support of SAA-I014 (V008). BSC Parties who currently receive SAA-I014 (V008) must ensure their systems are updated to receive either SAA-I014 (V009) or (V010).

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View New Business Plan continues support for industry and Settlement accuracy

New Business Plan continues support for industry and Settlement accuracy

Today Elexon has published the final version of its 2020/21 Business Plan. The industry and the BSC Panel previously commented on the plan and these comments are reflected in the final version.

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View Temporary closure of our office to manage impact of coronavirus

Temporary closure of our office to manage impact of coronavirus

To help manage the impact of the coronavirus, Elexon’s senior management team has decided to close our office from today (Monday 16 March) until further notice.

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View 300th meeting of the Balancing and Settlement Code Panel

300th meeting of the Balancing and Settlement Code Panel

Today (12 March) is the 300th meeting of the Balancing and Settlement Code (BSC) Panel, almost 20 years on from its first meeting on 18 August 2000. 

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View Streamlining the BSC and improving protection for Trading Parties

Streamlining the BSC and improving protection for Trading Parties

On 27 February, Elexon implemented seven changes to the Balancing and Settlement Code (BSC) as part of the February 2020 BSC release.

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View Elexon’s support for new electricity flexibility exchange

Elexon’s support for new electricity flexibility exchange

Elexon is providing support to technology company Electron which has been awarded funding to trial an exchange where offers of electricity flexibility can be traded.

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View New arrangements for radio teleswitch service solution

New arrangements for radio teleswitch service solution

Elexon has agreed contractual arrangements with Energy Networks Association (ENA) to allow operational cost recovery for the radio teleswitch service (RTS) within the Balancing and Settlement Code (BSC) charging arrangements from 1 April 2020.

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View Update on Project TERRE and our plans for Industry Testing

Update on Project TERRE and our plans for Industry Testing

Elexon is supporting National Grid Electricity System Operator (National Grid ESO) to fulfil its responsibilities for Project TERRE (Trans European Replacement Reserves Exchange).

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View Changes to the Elexon Portal’s password policy

Changes to the Elexon Portal’s password policy

From 27 February we are introducing changes to the password policy for using the Elexon Portal, which provides operational Balancing and Settlement Code data.

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View COVID-19: Estimation derogations to continue until further notice

COVID-19: Estimation derogations to continue until further notice

Supplier estimation derogations will continue until further notice. The derogations will be reviewed at April’s Performance Assurance Board (PAB) meeting, taking into consideration feedback from the industry.

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View Wind generation output in December was the highest all year

Wind generation output in December was the highest all year

There is more evidence of the move to a lower carbon electricity system in our latest  BSC Operations Headline Report for December 2019 which showed that wind generation produced a monthly total of 5,613 gigawatt hours (GWh) for the GB Market. This was the largest monthly total for wind in 2019.

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View Join the Suppliers Charges Review Workshop

Join the Suppliers Charges Review Workshop

We are looking for volunteers to join the Supplier Charges Review Workshop on January 28 2020.  Attendees will discuss whether the Supplier Charges technique needs to be amended. 

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