Performance Assurance: Risk Evaluation Register

The Risk Evaluation Register (RER) sets out the Settlement Risks that have been identified and evaluated by reference to classes of Performance Assurance Party (PAP) rather than to a particular PAP. 

How it relates to you

Settlement Risks relating to Supplier Volume Allocation, Central Volume Allocation and Central Systems processes fall under the scope of the RER.

The RER explains the annual process of review whereby existing risks are amended and/or new risks included. 

A Settlement Risk is a risk of any failure or error in a process required under the BSC that may impact (or has impacted) Settlement. Settlement Risks are recorded on the Risk Evaluation Register (RER).

An example of a Settlement Risk description from the RER is:

“The risk that [the NHHDC does not enter valid Meter readings by the Final
Reconciliation (RF) Settlement Run] resulting in [old/default data entering
Settlement]”.

Elexon review the Risk Evaluation Register (RER) annually, as required in the Balancing and Settlement Code (BSC) section Z5.5.3.

Elexon use the approved Risk Evaluation Methodology (REM) to identify and evaluate the Settlement Risks.

The PAB consults with stakeholders on the Settlement Risks, before approving the register for use.

2024-2025 Risk Evaluation Register

• Risk Evaluation Register 2024-25 (Size: 197.88 KB)

  effective date: 1 April 2024 – Status: Not in use

• Risk Evaluation Register summary 2024-2025 (Size: 193.42 KB)

  effective date: 1 April 2024 – Status: Not in use

2023-2024 Risk Evaluation Register

• Risk Evaluation Register 2023/24 (Size: 542.49 KB)

  effective date: 1 April 2023 – Status: In use

• RER Ledger 2023/24 (Size: 276.43 KB)

  effective date: 1 April 2023 – Status: In use

• Risk Evaluation Register Summary 2023 (Size: 115.94 KB)

  effective date: 1 April 2023 – Status: In use

Previous documents

2022-2023 

• Risk Evaluation Register 2022/23 (Size: 566.09 KB)

  effective date: 1 April 2022 Status: Not in use

• RER Ledger 2022/23 (Size: 282.98 KB)

  effective date: 1 April 2022 Status: Not in use

• Risk Evaluation Register summary 2022-2023 (Size: 121.28 KB)

  effective date: 1 April 2022 Status: Not in use

2021-2022

• RER report 2021/2022
  effective date: 1 April 2021 Status: Not in use
• RER Ledger 2021/2022
  effective date: 1 April 2021 Status: Not in use

2020-2021

The RER Ledger 2020/2021 is no longer in use, although Elexon are keeping this available to facilitate the transition to the new RER 2021/2022.

• RER report 2020/2021
  effective date: 1 April 2020 Status: Not in use
• RER Ledger 2020/2021
  effective date: 1 September 2020, Status: Not in use

2019-2020

The RER Ledger 2019/2020 is no longer in use, although Elexon are keeping this available to facilitate the transition to the new RER 2020/2021.

• RER report 2019/2020 (Size: 144.08 KB)

  effective date: 1 April 2019 Status: Not in use

• RER ledger 2019/2020 (Size: 316.48 KB)

  effective date: 1 April 2019 Status: Not in use

List of SVA risks

• 001 SVA Risk: Metering Point Registered Incorrectly
• 002 SVA Risk: Metering System Attributes are incorrect
• 003 SVA Risk: Metering Equipment Installations are incorrect
• 004 SVA Risk: Metering Equipment changes are not notified
• 005 SVA Risk: Metering Equipment Faults are not resolved
• 006 SVA Risk: Incorrect Meter detail transfer on change of agent
• 007 SVA Risk: Metered Data is not retrieved
• 008 SVA Risk: Metered Data is not processed or transferred
• 009 SVA Risk: Data Aggregator Processing incorrect
• 010 SVA Risk: Transfer of Meter Read History incorrect
• 011 SVA Risk: Unmetered Supplies volumes calculated incorrectly
• 012 SVA Risk: Meter System Technical Details inaccurate
• 013 SVA Risk: Manual Adjustments to Metered Data incorrect
• 014 SVA Risk: Agent not appointed correctly
• 015 SVA Risk: Reference Data incorrect
• 016 SVA Risk: Energisation Status incorrect
• 017 SVA Risk: exception reports not managed correctly
• 018 SVA Risk: Revenue Protection volumes are not settled
• 025 SVA Risk: Virtual Lead Parties

List of CVA risks

• 019 CVA Risk: Registration
• 020 CVA Risk: Metering Equipment Installation and Commissioning
• 021 CVA Risk: Retrieval and Processing of Metered Data
• 022 CVA Risk: Metering system technical details are not created or notified correctly
• 023 CVA Risk: Fault resolution
• 024 CVA Risk: Reference Data
• 026 CVA Risk: Aggregation Rules
• 027 CVA Risk: Payment Default
• 028 CVA Risk: National Electricity Transmission System Operator data submissions
• 029 CVA Risk: Settlement Administration Agent calculations
• 030 CVA Risk: Energy Contract Volume Aggregation Agent processing
• 031 CVA Risk: Funds Administration Agent processing
• 032 CVA Risk: Manual Adjustments
• 033 CVA Risk: Interconnector Administrator Data Submission
• 034 CVA Risk: Service Volume Allocation Agent processing