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Latest System Price Analysis Report published

Posted: 24 July 2017

The System Price Analysis Report (SPAR) is our monthly report on Imbalance Pricing, and includes an overview and analysis of the previous month’s prices and pricing parameters. The SPAR aims to increase industry understanding of pricing, in light of the changes made as part of BSC Modifications P305 ‘Electricity Balancing Significant Code Review developments’ and P323 ‘Enabling inclusion and treatment of SBR in the Imbalance Price’ implemented in November 2015.

The latest SPAR, reporting on June 2017, is now available on the Operations Reports page of our website. This month’s SPAR includes an appendix containing detailed analysis on the use of the Market Index Price (MIP) in the Imbalance Price calculation. Since the implementation of BSC Modification P305, in November 2015, the MIP has been used to set the Replacement Price where there are no unflagged actions remaining in the calculation stack. These MIP repriced actions set the System Price in 420 Settlement Periods. In June 2017 the MIP set the Replacement Price, and consequently the Imbalance Price, in 59 Settlement Periods.

If you want to keep up to date with ELEXON’s pricing analysis, SPAR is published monthly on the Operations Reports page of our website.

For further information, please email market.analysis@elexon.co.uk