023 CVA Risk: CVA fault resolution
This page outlines the Risk that a fault with CVA Metering Equipment is not resolved, such that metered data is recorded incorrectly or cannot be retrieved.
How it relates to you
Parties responsible for risk factors
Parties responsible for risk controls
- CVA Meter Operator Agent
- 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. The information below identifies the BSC Sections and Procedures relating the risk.
- CDCA does not raise flags required by the relevant CoPs and relevant BSCP as fault alert
- Registrant, MOA does not act on the fault alerts within BSC timescales or instruction on action flows, or unreasonably delays resolution
- Site access issues (hard to access sites (e.g. nuclear site), Equipment Owner or customer not providing access, weather condition & site safety)
- Fault information not transferred on Change of Agent
Review the processes outlined in the following documents and ensure that internal processes match the requirements:
- BSC Section L: Metering
- BSCP03 Data Estimation and Substitution for Central Volume Allocation
- BSCP06: CVA Meter Operations for Metering Systems Registered in CMRS
- RESI R023 CVA Fault Resolution
Impact of this risk on the industry
- Impact: £36.6 Million
- Upper Impact: £92.6 Million
- Volatility: High
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.