Glossary

024 CVA Risk: CVA Reference Data

This page outlines the Risk CVA reference data is created incorrectly or not at all or not used correctly.

How it relates to you

Parties responsible for risk factors

  • Registrant
  • Licensed Distribution System Operator
  • CVA Meter Operator Agent

Parties responsible for risk controls

  • Registrant
  • Licensed Distribution System Operator
  • Non-Performance Assurance Parties

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.

  • Technical Details incorrectly recorded or transferred by on-site engineer (CVA Meter Operator Agent, Licenced Distribution System Operator or a third party)
  • Manual transfer of forms from CVA MOA to the CDCA and Registrant
  • CDCA manually entering data incorrectly into CDCA Data Collection system
  • Multiple MOA for a single site
  • Mis-translate Meter Technical Details during transfer from SVA to CVA
  • Complex metering arrangements not updated on change (e.g. BMU embedded within sites)
  • Registrant or Equipment Owner not providing or providing incorrect Metering Equipment details to CVA MOA

Potential solutions

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

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

Impact of this risk on the industry

  • Impact: £257K
  • Upper Impact: £2.2 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.

Further information

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.

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