This page is a one-stop shop repository of European legislation that directly impacts on the BSC systems and processes. Below you will find copies of REMIT and the REMIT Implementing Act, and the latest version of the draft Electricity Balancing Guideline, amongst other legislation.
The European Electricity Balancing Guideline
The main impact of European developments on the BSC will come from the legally-binding European Electricity Balancing Guideline (EB GL), which includes balancing and imbalance settlement within its scope. We expect the EB GL to come into force towards the end of 2017, but it is already driving changes to the BSC, such as BSC Modification P344. The draft version of the EB GL, approved by European Member States in March 2017, and other legally-binding European Network Codes and Guidelines relevant to the electricity sector can be found on the European Commission website.
The European Network Code on Emergency and Restoration
The European Network Code on Emergency and Restoration (NC ER) has the potential to impact on the Black Start provisions of the BSC (Section G). The relevant parts of the NC ER are in Chapter IV (Market Interactions) starting at Article 35. The NC ER is expected to come into force in 2017, but the draft text, approved by European Member States, can be found on the European Commission website.
The European Regulation on wholesale energy market integrity and transparency (REMIT)
The REMIT Regulation entered into force in late 2011.
The associated REMIT Implementing Regulation came into force in 2014.
The BSC Balancing Mechanism Reporting Service (BMRS) hosts the REMIT inside information platform for GB electricity. Market participants can post inside information here if they wish, to comply with their inside information reporting obligations under REMIT.
Further supporting information on REMIT can be found on the REMIT Portal of the Agency for the Coordination of Energy Regulators (ACER).
The European Transparency Regulation
The European Transparency Regulation came into force in 2013. It requires primary data owners to submit specific information related to the electricity sector to their Transmission System Operator, or a third party acting as a data provider, for publication on a central European reporting platform.
BSC Modification P295 made ELEXON the GB data provider for all data that the Transmission Company is required to submit to the ENTSO-E Transparency Platform, with some or all of this data also being published on the Balancing Mechanism Reporting Service (BMRS).
Planning for European impacts on the BSC
The anticipated impacts of European legislation on the BSC are included in ELEXON’s Forward Work Plan, which is regularly updated and can be found on the Code Administration Code of Practice page.
The GB view and JESG
Another key resource is the Joint European Stakeholder Group (JESG). Here you can find a wide variety of information including presentations and minutes from JESG meetings that consider the impacts and implementation of EU legislation on the GB electricity sector, and the full suite of electricity Network Codes and Guidelines. The JESG provides a single group for GB stakeholders to engage on all aspects of European Policy.