BSC Insights – The electricity market

In this BSC Insight, Angus Fairbairn outlines how you can use forecast data from the Kinnect Insights Solution to monitor generation, demand and margins preceding events on the GB Electricity System. He does this through the lens of the summer 2022 heatwave and the resulting Capacity Market Notices (CMNs).

This BSC Insight article, written by Peter Stanley, Director Digital Operations at Elexon, explains why Elexon would be best placed to operate ‘Event-driven’ IT architecture (EDA) to support Market-wide Half Hourly Settlement which is due to be implemented in GB in October 2025. 

The Credit Assessment Price has changed nine times in 2021 and we recently consulted on increasing the Credit Assessment Price again to a record high of £184/MWh. The Credit Assessment Price is used as a proxy for future Energy Imbalance Prices in the calculation of Credit Cover requirements. Emma Tribe, our Senior Product Analyst from the Analysis and Insights team, explains how the Credit Assessment Price is related to a Parties Credit Cover requirements.

In this BSC Insight, Emma Tribe our Senior Product Analyst and Nick Groves our Data Steward Lead, demonstrate some of the insights that are possible using data from the Quarterly Supplier Market Share report from Elexon.

In this insight article Emma Tribe, our Analysis and Insight Senior Product Analyst, explains how the colder temperatures between January and April 2021 increased Non Half-Hourly electricity demand.

In this BSC Insight, Hussein Osman uses the latest data from BMRS and our internal databases to compare the changes in demand following Government advice that people stay at home with the demand patterns from similar periods in previous years.

The British have always felt a strong connection to the weather. A typical conversation in any part of the country will generally include a reference to either how: hot, cold, rainy, windy, sunny or grey the weather is! In the last 10 years, the weather has also begun to fuel our day-to-day lives as more weather dependent generation has been used in the fuel mix. This is making Britain greener and helping the nation reach its goal of NetZero by 2050. In this Insight Emma Tribe, our Analysis and Insight Delivery Lead, shows how Great Britain’s fuel mix is connected to the weather more than ever through an increase in weather dependent generation.

The Electricity System Operator (ESO) plays an essential role in balancing supply and demand using the Balancing Mechanism (BM). Matching supply and demand requires payments to be made between the ESO and participating consumers and generators. Consumers and generators submit prices for volumes of energy they can provide within a half-hour period (Settlement Period) to balance the system. In this Insight article, analyst Angus Fairbairn looks at balancing costs of ESO since 2015. 

COVID-19 dominated the news in 2020; however, it was not all that happened. In this article, the Analysis and Insight team review 2020 and focus on the consistencies and inconsistencies witnessed. They use BMRS data to review the Fuel Mix, the make-up of BSC Parties, the Energy Imbalance Volume, and the overall electricity demand. While all of these were impacted by COVID-19, the data also demonstrates some consistencies with previous years despite COVID-19’s impact.