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.
P473 Correcting inconsistencies in the P415 Legal Text
Modification P415 ‘Facilitating access to Wholesale Markets for flexibility dispatched by Virtual Lead Parties’ seeks to allow independent aggregators to sell customers’ flexibility into Wholesale Markets. Independent aggregators wishing to do this will be required to accede to the BSC in the new role of Virtual Trading Party (VTP). Ofgem has approved this Modification for implementation on 7 November 2024 as part of the standard November 2024 BSC release.
Elexon has received industry feedback on the Legal Text post Ofgem approval on 6 October 2023, as well as internal feedback during work with service providers to design the system changes required to implement Modification P415, and this has revealed that the P415 Legal Text does not correctly describe the intended solution for P415 as well as some inconsistencies and omissions.
Consultation: increasing CAP to £70 from 31 May 2024
This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £70 from 31 May 2024. This two-day consultation will close at 17:00 on 15 May 2024.
P461 Send Back Consultation
Ofgem issued a Send Back Direction on P461 ‘Accurate Reporting of Customers Delivered Volumes to Suppliers’ to the BSC Panel on 8 May 2024, as it was unable to form an opinion on whether or not P461 should be approved. The Panel approved the draft Send Back Process at its meeting on 9 May 2024.
The Send Back Consultation was issued on 13 May 2024 and will close at 5pm on Friday 24 May 2024.
End to reporting of some transparency data to Elexon
As part of the development of Elexon’s new wholesale market data service, the Insights Solution, we did not migrate some data flows from the legacy Balancing Mechanism Reporting Service (BMRS) to the new platform.
P463 Assessment Procedure Consultation
P463 seeks to introduce a new change process – a ‘Standard Change’ process – into the BSC arrangements that would allow for certain, low risk, predictable and repeatable pre-authorised changes to be implemented without following the existing Change Proposal or Modification procedures. This should reduce the burden on industry and Elexon; allowing them to focus on higher value activities.
Help us shape the future of the Digital Code
Elexon is developing the capabilities of the Digital Code, and we need your help to shape what it looks like in the future.
Balancing Mechanism Reporting Service will be switched off on 31 May 2024
Elexon can confirm that all Balancing Mechanism Reporting Service (BMRS) endpoints will be switched off on 31 May 2024 as they have been replaced by the Insights Solution.
Webinar on the Insights Solution data service and switching off BMRS
Elexon has now completed development of the Insights Solution, our new wholesale market data service which replaces the legacy Balancing Mechanism Reporting Service (BMRS).
Smaller generators can now be paid for providing system restoration services
Elexon, the Balancing and Settlement Code (BSC) Manager, has implemented a change to the BSC so that smaller, distribution-connected generators that are not BSC Parties are treated the same as larger generators for payments under the BSC if system restoration services are needed.
Elexon to administer a support scheme to grow the green economy
Source: Elexon Corporate WebsiteFrom this month (April 2024) Elexon will be administering a new scheme for around 340 energy intensive industries in Great Britain, to compensate them for the cost of network charges on their electricity bills.