Performance Assurance Techniques used to address Settlement Risks
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.
On this page
BSC Panel approves the first new data set for public Peer Comparison17 March 2023
Supplier Charges values and GSP Group liability caps: 2022/233 October 2022
BSC Insights: How we use the Annual Demand Ratio to maintain accuracy of Settlement data15 August 2022
Updated Risk documentation is now available3 August 2022
Ending the ‘Coronavirus Disapplication Period’ for Supplier Charges16 May 2022
New Error and Failure Resolution approach for Risk 9 from January 202231 December 2021
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
- Assurance Information Request
List of Risk within the Risk Evaluation Register
Identify where Settlement Risks commonly occur in BSC processes: