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.