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.
BSC Insights: The Insights solution puts data on the wholesale market at your fingertips
In this BSC Insight article by Reza Nia, Head of Analysis & Insight, explains why Elexon developed a new data service (the Insights Solution) and the benefits of it to BSC Parties and other stakeholders. All of the Insights Solution data is available to download for free.
Elexon approves first request for open data
From today anybody regardless of whether they work in the electricity sector or not can get access to the same level of data that is used for most of Elexon’s reporting on electricity Settlement.
Suppliers to register MSID Pairs for Additional Primary BM Units providing Balancing Services
If you are a Supplier that has Additional BM Units with the Final Physical Notification (FPN) Flag set to Yes, then you will need to register any existing or future MSID Pairs.
Suppliers that need to register their MSID Pairs must send the MSID Pair allocation (P0278) to the SVAA by the deadline of 6 October 2022.
Updated Risk documentation is now available
We have published updated versions of the 2022/23 Risk Evaluation Register (RER) and the Risk Operating Plan (ROP) following a review completed in July 2022.
Voting begins in the 2022 BSC Panel member elections
From today voting is open for the 2022 BSC Panel elections. You can vote until close of play on 26 August. Below are the six candidates that could be elected (or re-elected) to serve on the Panel.
Grid Supply Point Group meter system inspections in Northern Scotland
Consultation on CAP increase to £330/MWh from 17 August 2022
This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £330/MWh from 17 August 2022. This two-day consultation will close at 17:00 on 2 August 2022.
Outcome
On Wednesday 17 August 2022, the CAP value will increase to £330/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 EL03644
All Trading Parties to review the Trading Party Groups Register by 20 June 2022
Consultation: Credit Assessment Price increase to £300/MWh from 9 August 2022
This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £300/MWh from 9 August 2022. This two-day consultation will close at 17:00 on 25 July 2022.
Outcome
On Tuesday 9 August 2022, the CAP value will increase to £300/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 EL03635
New BSC Code of Practice (CoP11) sets standards for accuracy of Asset Metering Systems
A new ‘Code of Practice (CoP11) for the Metering of Balancing Services Assets for Settlement Purposes’ has been introduced, defining the minimum BSC requirements for Asset Metering Systems.
Annual BSC seminar and meeting: what did you miss?
Source: Elexon corporate websiteOn Thursday 14 July, Elexon hosted its annual meeting and seminar. For the first time since 2019, the meeting was held in our office although Stakeholders were also able to join online.
Thursday’s meeting was the first BSC seminar for Elexon’s new Chief Executive Simon McCalla. It was also the last seminar for Michael Gibbons, Chair of the Elexon’s Board and the BSC Panel.
Elexon Board Directors election or re-election results 2022
Source: Elexon corporate websiteIn keeping with best practice for corporate governance and accountability, all Elexon Board Directors were subject to election or re-election via a vote at Elexon’s Annual BSC Seminar held on 14 July 2022.
Consultation: Credit Assessment Price increase to £270/MWh from 26 July 2022
This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £270/MWh from 26 July 2022. This two-day consultation will close at 17:00 on 8 July 2022.
Outcome
On Tuesday 26 July 2022, the CAP value will increase to £270/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 EL03626
Have your say: Changing the PAB Settlement performance management approach
Elexon has recently obtained feedback from Suppliers that the current Settlement monitoring approach may act as a disincentive for Suppliers to move sites to elective Half Hourly (HH) Settlement in preparation for Market-wide Half Hourly Settlement (MHHS). This is because moving ‘good’ performing sites to HH Settlement may reduce the performance of their remaining Non Half Hourly portfolio.
Elexon’s 2021/22 Annual Report & Financial Statements published
Source: Elexon Corporate WebsiteThe reports explain our performance against our strategic objectives and our actual spending over the year, compared with our budget. Read highlights or download the full report.
Help shape our Settlement & Invoicing services
We are looking to engage with interested parties through our Settlement and Invoicing Solution User Group. Participating in the User Group will enable you to help shape the future design of the solution on our new digital platform, Elexon Kinnect.
Consultation: Credit Assessment Price increase to £215/MWh from 8 July 2022
This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £215/MWh from 8 July 2022. This two-day consultation will close at 17:00 on 23 June 2022.
Outcome
On Friday 8 July 2022, the CAP value will increase to £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 EL03615
Kinnect Customer Solution: New Account Management features from 20 June 2022
We have been working on changes to the Elexon Kinnect Customer Solution which delivers functional enhancements to the contacts, authorised signatories, addresses and bank details elements of the Elexon Kinnect Customer Solution. These changes are usable from 20 June 2022 and provide benefits for existing customers and new market entrants.
Progress on our new digital platform
The latest circular from the Board to BSC Parties highlights that delivery of system changes to support GB participation in Project TERRE (Trans European Replacement Reserve Exchange, amongst other highlights.
New TLFA-I014 Data for Summer 2022 on the Elexon Portal
Following the Grid Supply Point (GSP) Group Metering Issues identified in GSP Groups _C and _J, Elexon has looked at further impacts the corrected data could have on Settlement processes.
After completing some additional analysis, we identified that there were some impacts on Transmission Loss Factors (TLFs). These impacts were small, mostly affecting the Summer 2022 period.