Glossary

List of BSC Insights

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BSC Insights: reviewing our introduction seminar

Elexon runs the introduction seminar five times per year and after each event we get feedback from those who attended as well as from those who presented. Jessica’s article explains […]

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BSC Insights: Negative short System Price on 18 September 2018

Emma Tribe’s SPAR insight article looks at Settlement Period 9 on 18 September 2018, when the System Price was -£6.25/MWh. In this Settlement Period the system was short, and the […]

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BSC Insights: Audit results suggest issues for TAA Inspection Visits

Kat Higby and Jason Jackson recap on the concerns raised during the Performance Assurance Board (PAB)’s review of Technical Assurance Agent (TAA) Inspection Visits for 2017/18. The findings indicate that […]

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BSC Insights: 1 November 2018 changes to the System Price Calculation

Emma Tribe’s article looks at how the November 2018 BSC Modification P305 changes can impact System Prices. Published: September 2018 Recalculating System Prices with November 2018 changes show that prices […]

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BSC Insights: Innovation and change – making it real

Mark Bygraves, CEO at Elexon, attended the All-Party Parliamentary Group for Energy Studies (PGES) and has produced an insight article on how he thinks the industry can introduce innovation and change.

Published: June 2018

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BSC insights: Unlocking the benefits to end consumers

Nick Rubin looks at the transformations and challenges that exist in the electricity market and considers ways of unlocking the benefits to end consumers. This insight article was written as […]

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BSC Insights: The Imbalance Price Olympics

Emma Tribe’s article highlights how the Imbalance Price made a high jump on 17 May 2017 as it rose above £1,000/MWh between 15:30 and 17:00. The high prices seen in […]

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BSC Insights: First day off for coal in 130 years…

David Thomas and Emma Tribe write about Friday 21 April 2017 which was the first day in 130 years where no electricity was generated by coal in the UK. But what’s filling the gap?

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BSC Insights: Zonal Transmission Losses

This BSC Insight provides background information to the Competition and Markets Authority (CMA) remedy relating to the allocation of transmission losses set out in the CMA’s report of its investigation into the energy market.
Published: April 2018

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BSC Insights: Impact of temperature on System Prices

Thomas Demetriades looks at how the temperature influences the System Price. When we feel more extreme temperatures (temperatures greater than 25°C or lower than 5°C) the system is Short in 66% of Settlement Periods.

Published: August 2018

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BSC Insights: Replacement Price setting the Imbalance Price

Emma Tribe’s SPAR insight article looks at how often the Replacement Price is calculated using the Market Index Price (MIP). Where there are no priced actions, the Replacement Price sets […]

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BSC Insights: How tagging changes the System Price

Emma Tribe’s SPAR insight article takes a detailed look at how tagging affects the System Price calculation. By removing volumes from the top or bottom of the pricing stack the […]

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BSC Insights: white paper on multiple providers

Jon Spence’s white paper offers an Elexon view of how BSC central services could be adapted to offer Settlement solutions in support of individual customers buying electricity from more than […]

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BSC Insights: System Prices from 2001 to 2016

Emma Tribe’s article, A price for all seasons, time travels with System Prices looking at seasonal trends from 2001 to 2016. It uses analysis from the System Price Analysis Report (SPAR)  August 2017. Published: […]

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BSC Insights: P305 post implementation review

Emma Tribe’s 12 month review of P305, which was implemented in November 2015, and referred to the calculation of the cash-out price. This insight article presents factual information rather than […]

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BSC insights: The BSC Panel, a template for panel constitution?

This Insight article looks at why the BSC Panel model is frequently cited as one of the better models for ensuring broad representation of stakeholders to feel they are engaged and their views understood within the code panel.

Published: August 2017

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