BSC audit reports
This page details the various reports related to the BSC Audit and includes information on the Audit Issues Report, the Funding Shares Audit and the Scope and approach documents.
Audit Issues Report
Following the audit, individual and confidential Audit Issue documents will be sent to selected organisations (Audited Entities) and will describe breaches of relevant BSC obligations for any non–compliances that may have been identified. The Auditor will also make recommendations in respect of rectification and all material Audit Issues are given an Impact Rating of high, medium or low.
The BSC Audit Report
The BSC Auditor presents the Annual BSC Audit Report to the BSC Panel in June of each year.
The Audit reports are split between the International Standard on Assurance Engagements (ISAE) 3000 Opinion covering CVA MOAs and Central Systems, and the Process Assessment Report covering Suppliers and SVA Agents.
At its May 2020 meeting, the BSC Panel approved a revision to the timescales for completing the ISAE 3000 Opinion for 2019/20. It was finalised remotely and delivered to the Performance Assurance Board (PAB) at its September 2020 meeting, and to the BSC Panel at its October 2020 meeting. This delay allowed Parties to prioritise critical business as usual work as they manage the impact of COVID-19.
- The SVA report for 2019/20 (published on 22 June 2020: SVA Process Assessment (Size: 1.43 MB)
- The CVA assessment for 2019/20: CVA ISAE 3000 Opinion (Size: 1.09 MB)
Statement of Significant Matters
This report includes the Statement of Significant Matters raised for the period ended 31 March 2018.
The following key issues have been highlighted within the 2017/18 BSC Audit report’s statement of significant matters:
Issues relating to Metering
- Metering System faults not resolved in a timely manner
- Incomplete or delayed provision of meter reads and Meter Technical Details
- Energisation status not confirmed
- Change of Measurement Class
Data quality issues in the Non Half Hourly market
- NHHDA D0095 exception report
- NHH standing data flow and meter reading backlogs
- NHHDA D0023 exception report (previously reported within Other individually insignificant errors)
- Erroneous values of EACs and AAs
- Long Term Vacant (LTV) process
Data quality issues in the Half Hourly Market
- D0235 exception report and D0004 flows backlogs
Market Issues document
The BSC Auditor also produces a Market Issues document that highlights issues experienced by a number of Market Participants. The BSC Auditor’s Summary of Market Issues report is also published below
Elexon works with the industry and PAB to resolve these market issues.
Funding Shares Audit
The Funding Shares Audit forms part of the BSC Audit. Findings from the Funding Shares Audit are published separately.
- Approval of Funding Shares Audit Scope – May 2017 – This paper seeks the Panel’s agreement to the proposed scope of this part of the BSC Audit
- Funding Shares Audit Findings – August 2017 – This paper informs the Panel of the results of the recent audit of the calculation of Funding Shares for year ended 31 March 2017, as part of the BSC Audit
- Funding Shares Audit Findings – August 2016 – This paper informs the Panel of the results of the recent audit of the calculation of Funding Shares for year ended 31 March 2016, as part of the BSC Audit
Scope and approach documents
The BSC Panel sets the scope of the BSC Audit each year. Following this, the BSC Auditor develops an Audit approach, which describes how it will deliver the work required to meet the scope.
The scope of the BSC Audit is set by the Panel for each Audit year and includes the determination of the annual Audit Materiality Threshold. The Materiality Threshold is currently 1.2TWh which represents approximately 0.5% of the total annual electricity supplied across Great Britain in the preceding calendar year.
The BSC Audit incorporates the Funding Shares Audit and takes account of the findings of the Balancing Mechanism (BM) Audit performed by National Grid’s Auditor.
- More about the BM Audit Report (National Grid website)
Scope for 2020-2021
- BSC Audit Scope 2020/21 – Issued: 31 July 2020
Scope for 2019-2020
- BSC Audit Scope 2019/20 – Issued: 31 October 2019
- BSC Audit Approach 2019/20 Assurance Opinion– Issued: 31 October 2019
- BSC Audit Approach 2019/20 Process Assessment– Issued: 31 October 2019
Scope for 2018-2019
- BSC Audit Scope 2018/19– Issued: 30 August 2018
- BSC Audit Approach 2018/19 Assurance Opinion– Issued: 31 October2018
- BSC Audit Approach 2018/19 Process Assessment– Issued: 31 October 2018
Scope for 2017-2018 (H3)
Scope for 2016-2017 (H3)
- BSC Audit scope 2016/17– Issued: 16 September 2016
- BSC Audit approach 2016/17– Issued: 3 November 2016
Scope for 2015-2016
- BSC Audit scope 2015/16– Issued: 28 September 2015
- BSC Audit approach 2015/16– Issued: 30 October 2015