Techniques, Timetable and Methodology
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.
ELEXON recently hosted an education webinar to help you respond to this Risk Operating Plan consultation.
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
Key process documents
The BSC Panel and the PAB produce the following suite of documents as per the Annual Performance Assurance Timetable. This is done in consultation with industry.
The Risk Evaluation Methodology (REM) is a reference document reviewed annually by the PAB.
The Risk Evaluation Register (RER) sets out the risks and the significance of each risk.
The Risk Operating Plan (ROP) sets out techniques and costs that apply to each Settlement Risk in the RER.
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.
Annual Performance Assurance Report
The APAR provides the results of the risk evaluation and risk assurance procedures for a particular Performance Assurance Operating Period (PAOP), in particular how well the techniques mitigated the Settlement Risks.
The report also:
- Sets out the actual costs of ELEXON implementing the techniques
- Recommends changes to existing techniques or recommends creating new techniques
- Explains the benefits of changing the Performance Assurance Techniques
ELEXON is required to produce a number of associated reports which feed into the Annual Performance Assurance Report (APAR).