Performance Assurance Framework Review
The current Performance Assurance Framework (PAF) provides for a flexible, integrated approach to the deployment of techniques. ELEXON and the Performance Assurance Board (PAB) have become aware of opportunities to further enhance the application of the risk-based PAF envisaged in P207 ‘Introduction of a new governance regime to allow a risk based Performance Assurance Framework (PAF)’ to be utilised and reinforce the effectiveness of the current PAF’, to address the challenges of a changing industry. Subsequently, a review of the PAF was agreed as an element of the 2016/17 Panel Strategic Work Programme.
At its March 2017 meeting, the BSC Panel approved the scope and delivery approach of the PAF review (264/07) , which has been divided into the following four workstreams.
- Smart Metering;
- PAF Procedures;
- Data Provision; and
- Performance Assurance Techniques.
This issue group will explore the issues with PAF stakeholders, identify possible solutions and to specify requirements.
In order to be able to address the four workstreams, ELEXON proposed to hold approximately two Workgroups for each.
PAF Procedures workstream
For the PAF Procedures workstream, a first workgroup will be held on Wednesday 17 January 2018. We still have space for additional attendees; if you are interested in registering please contact email@example.com. We would particularly seek attendees with experience in risk management, auditing, performance reporting and the Settlement Risks.
Smart Metering workstream
The first PAF Issue Group meetings related to the smart Metering work stream. This workstream focused on the immediate risks to Settlement presented by the mass roll-out of smart Meters. It investigated whether any targeted assurance work should be undertaken to assess and mitigate negative impacts on Settlement.
The first meeting, held on 25 April 2017 was run as an interactive workshop, with the objectives to create a smart Metering risk register and consider the lessons learned from SMETS1 and P272. The second meeting was held on 24 May 2017. This meeting focused on risk mitigation and PAF changes. The first interim Issue 69 report was then presented to the BSC Panel on 13 July 2017.
Following the presentation of the interim Issue 69 report to the Panel, ELEXON has continued to progress the smart workstream. ELEXON sent out documentation for Workgroup comment on the smart risk quantification in September. Proposed mitigations will be presented to the November 2017 PAB and monitoring and reporting is planned to start in January 2018.
In respect of the other workstreams, ELEXON invite members for further Issue 69 Workgroup meetings and document reviews as they progress.