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.
P412 National Grid ESO Consultation: responses due by 5pm on 26 November 2021
Source: National Grid ESONationalGrid 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.
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.
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.
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.
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.
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.
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.
Elexon Chief Executive Mark Bygraves to step down
Source: Elexon Corporate websiteConsultation 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.
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.
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.
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).
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.
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.
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.
CAP consultation issued on 20 September on further record level of £184/MWh
We are consulting on an increase of the CAP to £184/MWh from the last notified value of £137/MWh.
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.
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.
CAP consultation issued on 6 September on record level of £137/MWh
We are consulting on an increase of the CAP to £137/MWh from the last notified value of £113/MWh.
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.