List of 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 1-75 of 75)

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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 Possible CAP decrease to £54/MWh – have your say

Possible CAP decrease to £54/MWh – have your say

The CAP (Credit Assessment Price) could decrease to £54/MWh from the last notified value of £64/MWh. This is your chance to have your say regarding the new proposed price.

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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 Elexon business plan 2021/22 published

Elexon business plan 2021/22 published

Elexon has published its business plan for 2021/22

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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 Volume Notification on ‘Long’ Clock Change Day: Sunday 25 October

Volume Notification on ‘Long’ Clock Change Day: Sunday 25 October

There will be 50 Settlement Periods instead of the standard 48 on the ‘long’ clock day change.

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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 – latest Board circular

Progress on our new digital platform – latest Board circular

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 Elexon reaches 20 years as BSC manager

Elexon reaches 20 years as BSC manager

Saturday 1 August 2020 marked Elexon’s 20 year anniversary as manager of the Balancing and Settlement Code (BSC).

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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 Withdrawal from BSC of ExtraEnergie GmbH

Withdrawal from BSC of ExtraEnergie GmbH

This is notification that ExtraEnergie GmbH will withdraw from the Balancing and Settlement Code (BSC) on 29 May 2020 in accordance with section A5.1 of the Code.

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View Expulsion of Satus Energy Ltd from BSC

Expulsion of Satus Energy Ltd from BSC

BSC Parties are hereby notified that Satus Energy Limited (Company Number 10364172, Party ID ‘SATUS’) was expelled from the Balancing and Settlement Code (BSC) at 00:00 on 21 May 2020, in accordance with section A5.2 of the Code.

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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 Balancing and Settlement Code for Dummies launches

Balancing and Settlement Code for Dummies launches

Elexon has worked with publisher, Wiley to launch a new book ‘The Balancing and Settlement Code for Dummies’ which provides a simple overview of the BSC and wholesale electricity market arrangements. This is a first for any energy code administrator, 

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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 Settlement on ‘short’ clock change day: 29 March 2020

Settlement on ‘short’ clock change day: 29 March 2020

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 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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