Performance Assurance Techniques
Each year, the BSC Panel and the PAB identify, evaluate and prioritise the risks that may occur within Settlement and the extent to which they apply to each Performance Assurance Parties (PAPs). ELEXON conform to an agreed process assess each PAP based on the Settlement Risks that they may pose and this process includes the timetable, the methodology and the various reports.
How it relates to you
The Performance Assurance process will affect all the Performance Assurance Parties. These are:
- Meter Operator Agents
- Data Collectors
- Data Aggregators
- Meter Administrators
- Licensed Distribution System Operators and/or a Registrant
Techniques used in the process
The Performance Assurance Framework (PAF) is a complementary set of preventive, detective, incentive and remedial assurance techniques. These techniques are used flexibly to address Settlement Risks.
A Settlement Risk is anything that could pose a risk to accurate Settlement: it could be a failure in a process or an error in data.
The Performance Assurance Techniques must address risks to Settlement and the impact of actual failures or errors in Settlement.
- Performance Assurance Reporting and Monitoring System (PARMS)
- Material Error Monitoring
- Technical Assurance of Metering Systems
- BSC Audit
- Technical Assurance of Performance Assurance Parties