Issue 105 ‘Further considerations following implementation of BSC Modification P448′

The P448 Alternative Modification was approved by Ofgem on 6 December 2022 and implemented on 7 December 2022. As part of Ofgem’s decision letter, and further to Workgroup discussion, some consequential impacts of P448 were highlighted that require further consideration. 

The topics that Issue 105 considered were:

• Unintended impacts to cash-out prices
• Time limiting the P448 solution
• Whether there is any increased risk of generator behaviour not in line with ‘Good Industry Practice’
• How the P448 solution interacts with Gas Operating Margins contracts
• If further guidance documentation is required for P448.

Issue 105 was raised by Elexon on 22 December 2022. 

The first Issue 105 Meeting was held on 24 January 2023. 

The second Issue 105 Meeting was held on 16 February 2023. 

The third Issue 105 Meeting was be held on 06 March 2023. 

The forth Issue 105 Meeting was held on 11 April 2023. 

The fifth Issue 105 Meeting was held on 31 May 2023. 

The Issue 105 Report was tabled at the BSC Panel’s meeting on 10 August 2023.