List of BSC Insights
BSC Insight: How to get more detailed metered volume data from our Insights Solution
Through the electricity Settlement process Elexon obtains metered volume data which shows the generation and demand volumes of electricity for each Balancing Mechanism Unit (BMU) on the system and whether this is an estimated or actual value. This data is included in our SAA-I014 report which covers all Settlement activity for every half hour, each day and it is easily accessible on our wholesale market data service the Insights Solution.
BSC Insight: Accessing Maximum Export Limit and Maximum Import Limit data on our Insights Solution
If you currently use the www.bmreports.com service to access Balancing Mechanism (BM) data, you can now access the data through the new Insights Solution. You can use the ‘Balancing Mechanism data by Market View’ page to view BM Unit data at Market level. It can also be used to view Physical, Dynamic, Bid Offer and Balancing Services Volume data.
BSC Insights: Using Open Data to map the financial impacts of failed Suppliers
In this BSC Insight, Muhammad Raees Usman, Product Analyst in our Analysis & Insight Team, outlines how you can use newly Open Data from the BSC Modification P398 Open Data Request service to gain an insight into the energy market. He does this in view of the unprecedented market conditions experienced in the second half of 2021 and how these conditions led to a substantial number of Supplier default events. The article also provides an insight in to how Python can be used to ingest Open data files for analysis.
BSC Insights: Using the Insights Solution to predict Capacity Market Notices
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).
BSC Insights: How we use the Annual Demand Ratio to maintain accuracy of Settlement data
In this insight article Mehdi Jafari and Jason Jackson explain what the Annual Demand Ratio (ADR) is, how it helps us maintain the accuracy of Settlement data, and what we are doing to resolve potential errors indicated by the ADR.
BSC Insights: The Insights solution puts data on the wholesale market at your fingertips
In this BSC Insight article by Reza Nia, Head of Analysis & Insight, explains why Elexon developed a new data service (the Insights Solution) and the benefits of it to BSC Parties and other stakeholders. All of the Insights Solution data is available to download for free.
BSC Insight: ‘Event-driven’ architecture can help to release the value of energy data
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.
BSC Insights: Why did the average System Price increase in 2021?
In this BSC Insight our Senior Product Analyst, Emma Tribe, shows how the high wholesale gas prices have caused System Prices to increase to record levels in 2021.
BSC Insight: What is Credit Cover and how does the Credit Assessment Price affect it?
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.
BSC Insight: What is driving the latest increases in Credit Assessment Price?
In this BSC Insight article, Mehdi Jafari outlines the recent trends in forward market prices and how we measure the Credit Assessment Price (CAP) process effectiveness against the System Buy Price. The article also provides an update on our Insight Article in May 2021, where the sixth CAP change of 2021 was in process.