Glossary

001 SVA Risk: Metering Point Registered Incorrectly

This page outlines the risk that SVA Metering Point is registered incorrectly or not at all, such that metered data is not collected or aggregated resulting in Erroneous, estimated or missing data in Settlement.

Flow diagram of PAF SVA Risk 001: Metering Point Registered Incorrectly
Diagram of SVA Risk 001: Metering Point Registered Incorrectly

How it relates to you

Risk 001 impacts all meters in the SVA market.

Parties responsible for risk factors

  • Supplier
  • non-Performance Assurance Parties

Parties responsible for operating controls

  • Supplier
  • non-Performance Assurance Parties

Risk 001 forms part of the Registrations and Appointments process shown in the Risk Visualisation Tool.

Potential causes

Potential causes, or as they known in the Risk Evaluation Register: Risk Factors are the points of failure that could result in erroneous or estimated data entering Settlement.

Elexon has identified a number of typical failure points related to this risk, parties should note the list is non-exhaustive, and not all risk factors are applicable to every role type.

  • Metering Point is energised but not registered
  • Metering Point is registered in SVA and CVA
  • Metering System Identifier (MSID) is registered to incorrect address, GSP Group or Line Loss Factor Class
  • Failure to process registrations or updates to registrations (e.g. Supplier not sending or Supplier Meter Registration Agent (SMRA) not actioning once received)

Potential solutions

Parties responsible for operating controls should take note of the information below. The information below identifies the BSC Sections and Procedures relating the risk.

Parties should understand their responsibilities in relation to this risk.

Review the processes outlined in the following BSCPs and ensure that internal processes match the requirements:

Impact of this risk on the industry

This graph highlights the probability distribution of this risk and cost incurred to the industry when a risk manifests over the course of a year

  • Impact: £5.9 Million
  • Upper Impact: £22.6 Million
  • Volatility: High

In order for you (a party) to calculate the impact this risk has on your party, please multiply your market share by the impact as outlined above.

Probability graph

 

Further information

Risk Evaluation Register sets out further detailed information on the noted controls.

Support and training

Operational Support Managers (OSMs) are able to help with further information or training on this risk and associated processes.

Methodology used for this risk

The following document outlines the methodology used to assess the Settlement Risk related to the retrieval of metered data.

My BSC

Click on the X next to any of the icons to replace them with a short-cut link to the page you are currently on or search for a specific page.

List of Insights

Circulars

BSC training services

Market Entry

Charge Codes and Switch Regimes

Add New

×

Or