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.
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.
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
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.
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.
Simon McCalla talks about his new role as Elexon’s Chief ExecutiveSource: 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.
New system to track electricity by the hour launchedSource: 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.
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.
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.
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.
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).
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.
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