List of homepage news articles

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.

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.

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. 

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.

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.

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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

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.