List of BSC Insights
BSC Insights: a review of 2020
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.
BSC Insight: Impact of COVID-19 on smart meter installations
The restrictions introduced in 2020 to curb the spread of COVID-19 have provided unprecedented challenges for Suppliers as they continue to install smart meters. In this Insight article, our Analysis and Insight Analyst Hussein Osman, reviews the installation rates of Smart Metering Equipment Technical Specifications SMETS2 meters before, during, and after the March to June and November to December 2020 lockdowns.
BSC Insight: Why the Reserve Scarcity Price is being reviewed
National Grid ESO raised BSC Issue Group 92 to review the Reserve Scarcity Price with representatives from across the electricity industry. The need for this arose due to feedback from industry representatives that the Reserve Scarcity Price has had less of an impact on System Prices than expected and a need to ensure the calculation is fit for a future energy market.
BSC Insights: Great Britain’s first coal-free Christmas occurs in 2020
Mehdi Jafari investigates the electricity generation and demand over the Christmas period 2020.
BSC Insights: The ways P350 has changed allocation of Transmission Losses
In this Insight article, Mehdi Jafari considers the way implementation of Modification P350 changed the allocation of Transmission Losses.
BSC Insights: How Covid-19 has affected estimated data in Settlement
We monitor Supplier Performance in relation to the volume of estimated and actual data in Settlement. In this insight article, our Analysis and Insight Delivery Lead, Emma Tribe looks at the impact COVID-19 had on Supplier Performance during the first lockdown.
BSC Insights: Code Governance Review
This Elexon insight offers our view of how energy codes (the commercial arrangements underpinning the energy system) could be consolidated and simplified for the benefit of new entrants and energy […]
Insights: Update on Demand Reduction during COVID-19 lockdown
In this Insight, our Data & Insight Analyst, Nick Baker provides an update to the reduced electricity demand during lockdown article with the latest findings. The new graphs can be used to track electricity demand changes in Great Britain as COVID-19 restrictions start to ease.
BSC Insights: Negative System Prices during COVID-19
While much of the UK economy was shut down between mid-March and Mid-June, due to measures to manage COVID-19, the UK electricity market has seen an increase in negative System Prices. In this Elexon Insight, Emma Tribe explains why this was the case and shows the trends for negative System Prices in April and May 2020.
Insights: Electricity demand down by 17% during COVID-19 lockdown
Measures put in place by the UK Government to control the COVID-19 outbreak have resulted in electricity demand falling sharply in the GB electricity market, according to Elexon data estimates. In this Elexon Insight, our Data & Insight Analyst, Nick Baker investigates the scale of the demand reduction.
BSC Insights: Highest System Price in 19 years
The System Price reached £2,242/MWh and £1,708/MWh in the early evening of Wednesday 4 March 2020. This was the first instance of the System Price being over £2,000/MWh since 2001. In this Elexon Insight our Market Advisor, Emma Tribe explains how the System Price was calculated and how it compares to historic System Prices.
Insights: The electricity industry – ten years of change
The 2010s were a period of significant change for both Elexon and the wider industry. The shifts seen during the span of ten years were both unprecedented and unpredicted. Elexon provides a wealth of data to industry via the Balancing Mechanism Reporting Service (BMRS), Elexon Portal and through data flows. Using some of this data we have created four graphs that reflect on significant changes to generation, demand and balancing between 2010 and 2019.
Insights: Low CO2 fuel sources powered 2019
Nearly half of all the electricity generated in Great Britain in 2019 was generated by low CO2 generation. In this Elexon Insight, our Market Advisor Emma Tribe uses electricity generation data to show how 2019 was powered demonstrate how the electricity market is on the road to Net Zero.
BSC Insights: Sub-zero electricity prices in December
Too much electricity generation in Great Britain pushed prices sub-zero for 13 hours. Occurring on the night of 7 December and morning of 8 December, BSC Parties were paid to consume energy. In this Elexon Insight our Market Advisor, Emma Tribe, uses Elexon’s open data from BMRS to explain why the prices were negative.
BSC Insights: How we can streamline the Modification Process
Published: November 2019 Based on our latest Policy View, Elexon could deliver ‘quick wins’ to bring about a faster, more consistent process for making changes to the 11 energy industry […]
BSC Insights: Interconnector flows in and out of Great Britain
Great Britain is connected to the rest of Europe through five interconnectors with a combined capacity of 5,000MW. So far this year 9.2% of Great Britain’s energy demand has been […]
BSC Insights: Identifying Settlement risks just got easier
Published: October 2019 We have listened to concerns of BSC Parties and we’ve implemented two major changes that will help Settlement risk and error. Managing the Settlement process Managing […]
BSC Insights: How flexibility markets could help trade in unused electricity and spare network capacity
Elexon is proposing that nationwide electricity ‘flexibility platforms’ are set up so that offers to provide ‘demand-side response’, or output from electricity storage facilities can be traded easily.
The buyers of storage output or demand-side response (DSR) services could include local electricity Distribution Network Operators (DNOs) suppliers and businesses.
Published: October 2019
BSC Insights: Independent analysis backs the case for code reforms
Angela Love, Director of Strategy and Communications at Elexon, discusses analysis which Elexon commissioned from consultants, Cornwall Insight on options for reforming the energy codes. Published: July 2019 Options for […]
BSC Insights: What is Driving Increases in Electricity Imbalance Volumes?
Daily average Energy Imbalance volumes have doubled between 2014 and 2019. In this Elexon Insight, one of our Business Intelligence Analysts, Emma Tribe, investigates the drivers behind the increase in […]