List of homepage news articles

We launched our digital code site in April 2022 to recreate 460 Balancing and Settlement Code (BSC) documents in a far easier to browse format. The digital code is now the single source for BSC documents and around 400 people are using it each day. The PDFs of all of the code documents have been retired from main BSC website (www.elexon.co.uk) and will now redirect you to the digital code equivalent.

Following the approval of Balancing and Settlement Code Modification (BSC) P446 ‘Energy Price Guarantee Scheme for domestic customers’ by Ofgem, Elexon is pleased to have been appointed as Scheme Administrator.

Due to the announcement of an additional Bank Holiday on 19 September 2022 for the Queen’s funeral, Elexon are currently working through re-aligning all impacted Settlement Calendars.

Michael Gibbons CBE, FEI, BSC Panel Chair, and Dr. Phil Hare, BSC Panel Deputy Chair, have sent a letter on behalf of the BSC Panel as part of the Consultation on the Future Ownership of Elexon that Ofgem issued on 14 July 2022.  BEIS and Ofgem have jointly published the consultation on the change in ownership of Elexon. This follows the publication of the Future System Operator (FSO) consultation response on 6th April 2022.

Due to a global shortage of materials and the impact of COVID-19 on global supply chains, there is a shortage of semi-conductors among other crucial components, which impacts the ability of Meter manufacturers to produce and supply electricity Meters, including those required for Settlement under the BSC.

This shortage of Settlement Meters impacts on new connections and fault resolution in both the Supplier Volume Allocation (SVA) and Central Volume Allocation (CVA) markets, and consequently impacts the integrity and accuracy of Settlement.

The Credit Committee has decided to withdraw the notified Credit Assessment Price (CAP) of £510/MWh before implementation on 7 September 2022. This means the current CAP value of £415/MWh remains valid at least until it is replaced by the next scheduled CAP of £475/MWh on 16 September.

The Credit Assessment Load Factor (CALF) values for the Winter 2022 BSC Season, which runs from 01 December 2022 to 28 February 2023, are available from the Credit/Credit Alerting section under the Financial and Credit menu on the Elexon Portal.

If you are the Lead Party of a non-Credit Qualifying BMU, you can appeal an assigned CALF value if you believe it does not accurately represent your expected activity.

As you may be aware, the Credit Assessment Price (CAP) is due to increase in the next few days. Your BM Unit CALF Values and your declared Generation Capacity (GC) and Demand Capacity (DC) values are used in the Credit Assessment Energy Indebtedness (CEI) calculation of your Credit Indebtedness.

With the recent increases in the CAP, it is important to check whether your DC and GC values are correct and that you have reviewed the Credit Assessment Load Factor (CALF) values that Elexon has calculated to ensure that they accurately represent the expected Balancing Mechanism (BM) Unit activity.