022 CVA Risk: CVA metering system technical details are not created or notified correctly
This page outlines the Risk that changes to CVA Metering Equipment are not notified to CDCA or are notified incorrectly.
How it relates to you
Parties responsible for risk factors
- CVA Meter Operator Agent
- non-Performance Assurance Parties
Parties responsible for risk controls
- Licensed Distribution System Operator
- Non-Performance Assurance Parties
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.
Parties responsible for operating controls should take note of the information below. This identifies the BSC Sections and Procedures relating the risk.
- Registrant, CVA MOA or Equipment Owner (e.g. Measurement Transformers) actions not notified
Review the processes outlined in the following documents and ensure that internal processes match the requirements:
- BSC Section L: Metering
- BSCP06: CVA Meter Operations for Metering Systems Registered in CMRS
- RESI R022 CVA Metering System Technical Details are not Created or Notified Correctly
Impact of this risk on the industry
- Impact: £1.8 Million
- Upper Impact: £9.2 Million
- Volatility: Medium
In order to calculate the impact this risk has on your Party, multiply your market share by the impact as outlined above.
Risk Evaluation Register sets out further detailed information on the noted controls. Details can be found under Associated Documents.
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 documents outline the methodology used to assess the Settlement Risk related to Agent appointments.