Performance Assurance Processes
Each year, the BSC Panel and the Performance Assurance Board (PAB) deploy the Performance Assurance Framework (PAF) to manage Settlement Risks.
Performance Assurance Techniques are applied to Performance Assurance Parties (PAPs) based on the Settlement Risks that they pose.
To do this, the BSC Panel and the PAB identify, evaluate and prioritise the risks that may occur within Settlement and the extent to which they apply to each PAP. A PAP is a Supplier, Meter Operator Agent, Data Collector, Data Aggregator, Meter Administrator, Licensed Distribution System Operator and/ or a Registrant.
The BSC Panel and the PAB produce the following suite of documents as per the Annual Performance Assurance Timetable. This is done in consultation with industry.
- Risk Evaluation Methodology (REM)
- Risk Evaluation Register (RER)
- Risk Operating Plan (ROP)
- Annual Performance Assurance Report (APAR)