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.
P469 Assessment Procedure Consultation on Credit Default ECVNs Refusal and Rejection Periods
P469 seeks to delay the start of the Credit Default Refusal Period and Credit Default Rejection Period for Energy Contract Volume Notifications (ECVNs) and Metered Volume Reallocation Notifications (MVRNs) where acceptance of said ECVNs and MVRNs would increase a BSC Party’s Energy Indebtedness.
This Assessment Procedure Consultation was issued on 14 June 2024 and will close at 5 pm on Friday 28 June 2024.
P463 Assessment Procedure Consultation on Introducing a Standard Change Process
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.
Send Back Consultation on P461: Accurate Reporting of Customers Delivered Volumes to Suppliers
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.
Digitalisation Strategy and Action Plan and Annual BSC Meeting 2024
We are delighted to invite you to our Annual BSC Meeting and Seminar at the Elexon offices where we will launch our first-ever Digitalisation Strategy and Action Plan.
Re-Issuing of Period Profile Class Coefficients impacting Settlement from January to September 2023
Between 27 January 2023 and 24 September 2023, the Supplier Volume Allocation Agent (SVAA) issued incorrect Daily Profile Coefficients (DPCs) to Non Half Hourly Data Collectors (NHHDCs) on 85 Settlement Days.
Estimates of Annual Consumption (EAC) and Annualised Advances (AAs) calculated by NHHDCs using these inaccurate Coefficients were incorrectly apportioning the volume to each Settlement Period.
Increased functionality added to Digital Code site
Elexon is always working towards improvements to the customer experience of our services and the Digital Code is a key part of what customers can access. We have been working on new functionality which we think will really help our customers when they are using this site.
Legacy Balancing Mechanism Reporting Service to be switched off today
Elexon will switch off the legacy Balancing Mechanism Reporting Service (BMRS) on 31 May (2024) at 11:59pm, as we have replaced it with the Insights Solution, our new wholesale market data platform.
Consultation: increasing CAP to £78 from 18 June 2024
This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £78 from 18 June 2024. This two-day consultation will close at 17:00 on 31 May 2024.
Implementation Consultation for P466: BSC Section N Modernisation
This consultation aimed to provide the BSC Panel with further information to enable it to recommend a revised Implementation Date to the Authority. The Authority directed the Panel to consult on a revised proposed Implementation Date for P466, as the current Implementation Date is no longer appropriate.
We reported to Ofgem that the current P466 Implementation Date was no longer appropriate, as it significantly increased the risk of delivering P415 Facilitating access to wholesale markets for flexibility dispatched by Virtual Lead Parties and Helix, our Market Wide Half Hourly Settlement (MHHS) delivery programme. This is because P415 and Helix require, amongst others, changes to the FAA system. We are modernising the FAA system as part of our Kinnect programme and for reasons of efficiency and cost, will implement P466, P415 and Helix onto the new FAA system. To manage the risk, we plan to implement the new FAA system and P466 at the same time and then subsequently implement the P415 and Helix changes. This is not possible under the current P466 implementation approach.
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.
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.
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.
CP1594 CP Consultation relating to older metering communication types
Older metering communication types are quickly becoming redundant and are being replaced by newer communication types. Elexon are proposing to create an approvals process to allow for the managed end dating of older technologies, such as Public Switched Telephone Network (PSTN), Circuit Switched Data (CSD) and subsequently 2G.
Elexon’s final 2024/25 business plan is now live
Source: Elexon Corporate WebsiteMarket-wide Half Hourly Settlement Qualification documents submitted for approval
Elexon and the Retail Energy Code (REC) are submitting three Market-wide Half Hourly Settlement (MHHS) Qualification Documents to their respective Performance Assurance Boards (PAB) for approval. The documents will go to the REC PAB on Tuesday 26 March, and the BSC PAB on Thursday 28 March.