Glossary

Balancing and settlement: News

View Credit Assessment Price increase to £259MWh from 4 November

Credit Assessment Price increase to £259MWh from 4 November

Following consultation and a subsequent meeting of The Credit Committee,  the CAP will increase on Thursday 4 November 2021 to £259/MWh, from the last notified value of £184/MWh. Please note the last notified CAP of £184/MWh will still be implemented on 21 October 2021.

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View Consultation issued on 4 October on increase of the CAP to £259/MWh

Consultation issued on 4 October on increase of the CAP to £259/MWh

We are consulting on an increase of the CAP to £259/MWh from the last notified value of £184/MWh. A change to CAP can impact the amount of Credit Cover required by a BSC Party.

View Consultation on the Market Index Definition Statement (MIDS) Review 2021

Consultation on the Market Index Definition Statement (MIDS) Review 2021

We are seeking your views on the annual Market Index Definition Statement (MIDS) review. If you represent BSC Parties or any other party in connection with the MIDS please respond to this online consultation.

View Video about Kinnect Settlement Solution

Video about Kinnect Settlement Solution

Here you can watch a video about the Kinnect Settlement Solution that will handle our core balancing and settlement operations. Elexon Kinnect Settlement Solution forms the “engine” of our digital platform and will run our day-to-day settlement and invoicing operations. The video is introduced by Mark Bygraves, the Elexon CEO, and details of the Settlement Solution are presented by Peter Stanley the Director of Digital Operations.

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View BSC Insight: Increasing costs for balancing the GB System

BSC Insight: Increasing costs for balancing the GB System

The Electricity System Operator (ESO) plays an essential role in balancing supply and demand using the Balancing Mechanism (BM). Matching supply and demand requires payments to be made between the ESO and participating consumers and generators. Consumers and generators submit prices for volumes of energy they can provide within a half-hour period (Settlement Period) to balance the system. In this Insight article, analyst Angus Fairbairn looks at balancing costs of ESO since 2015. 

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View Have your say about the draft D0095 calendar for 2021/22

Have your say about the draft D0095 calendar for 2021/22

Have your say regarding issues you may have with the draft D0095 calendar for the settlement year 2021/22.

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View BSC Insight: Why the Reserve Scarcity Price is being reviewed

BSC Insight: Why the Reserve Scarcity Price is being reviewed

National Grid ESO raised BSC Issue Group 92 to review the Reserve Scarcity Price with representatives from across the electricity industry. The need for this arose due to feedback from industry representatives that the Reserve Scarcity Price has had less of an impact on System Prices than expected and a need to ensure the calculation is fit for a future energy market.

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View Metering error in GSP Group_A being investigated

Metering error in GSP Group_A being investigated

Elexon has identified an issue at a Grid Supply Point (GSP) within GSP Group_A (Eastern region), which is causing the Annual Demand Ratio (ADR) for the GSP Group to deviate beyond accepted tolerances within Settlement.

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View BSC Insights: How Covid-19 has affected estimated data in Settlement

BSC Insights: How Covid-19 has affected estimated data in Settlement

We monitor Supplier Performance in relation to the volume of estimated and actual data in Settlement. In this insight article, our Analysis and Insight Delivery Lead, Emma Tribe looks at the impact COVID-19 had on Supplier Performance during the first lockdown.

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View Settlement performance during COVID-19 report – October 2020

Settlement performance during COVID-19 report – October 2020

October’s Risk Report regarding insight into Settlement performance and monitoring during COVID-19 has been published.

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View Settlement Adjustment after Demand Control Events

Settlement Adjustment after Demand Control Events

A BSC rule change was implemented on 12 October 2020, requiring Elexon to determine whether Settlement Adjustment Processes (SAPs) should be used if a Demand Control Event (DCE) occurs in future.

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View More electricity market data is now available

More electricity market data is now available

As part of the commitment to improving access to electricity market data, we have now made more electricity Settlement data available.

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View Making electricity market data more openly available

Making electricity market data more openly available

As part of Elexon’s commitment to improving access to electricity market data, we have now made some electricity Settlement data available via a new Open Settlement Data page.

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View Settlement on ‘short’ clock change day: 29 March 2020

Settlement on ‘short’ clock change day: 29 March 2020

The clock change this weekend will result in a ‘short’ day which will impact Settlement periods and contract notifications. On a ‘short’ clock change day, there are only 46 Settlement Periods instead of the normal 48.

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View Insights: The electricity industry – ten years of change

Insights: The electricity industry – ten years of change

The 2010s were a period of significant change for both Elexon and the wider industry. The shifts seen during the span of ten years were both unprecedented and unpredicted. Elexon provides a wealth of data to industry via the Balancing Mechanism Reporting Service (BMRS), Elexon Portal and through data flows. Using some of this data we have created four graphs that reflect on significant changes to generation, demand and balancing between 2010 and 2019.

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View The future of open data at Elexon

The future of open data at Elexon

There is no doubt that data, combined with use of new technology, will play a huge part in helping to transform the energy markets. It opens up so many new possibilities for both consumers and energy companies.

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