List of homepage news articles
This page lists all of the news articles we have produced over the last year. Any news articles older than 1 year are removed from the website as they will have concluded their designated lifecycle. Please contact us if you are looking for specific information on any subjects we have covered.
Consultation on CAP change to £235/MWh from 20 April 2022Read More
This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £235/MWh. This two-day consultation will close at 17:00 on 31 March 2022. Please note the previously notified CAP value of £250/MWh is confirmed to go live on 1 April 2022. The last notified CAP value is £215 which is due to go live on 8 April provided it is not withdrawn by the Credit Committee before implementation.
Outcome
The Credit Committee has decided to withdraw the last notified CAP of £235/MWh before implementation on 21 April 2022. This means the current CAP value of £215/MWh remains valid until the Credit Committee sets the next CAP value and its implementation date.
The Credit Committee has been monitoring the market very closely and has decided that the CAP value of £235/MWh would no longer be reflective of market data for implementation from 21 April.
- Elexon Circular EL03562
- Elexon Circular EL03566
Simon McCalla talks about his new role as Elexon’s Chief Executive
Source: Elexon corporate websiteI am Simon McCalla and I started as Elexon’s new Chief Executive at the start of April 2022. I’m excited to be joining Elexon and the energy industry at what is both a challenging and critical period.
New system to track electricity by the hour launched
Source: Elexon Corporate websiteA consortium of leading energy organisations led by hourly certificate focused start-up Granular and including European power market Nord Pool, Elexon, Energy Systems Catapult and Unicorn, is launching a new mechanism for hourly renewable energy certificates in Great Britain.
Consultation for Allocation of a new Grid Supply Point at AxminsterRead More
ELEXON has received a new GSP registration application from the National Electricity Transmission System Operator (NETSO) relating to two new circuits at Axminster. BSC Parties are invited to respond to this consultation using the proforma available.
Risk Operating Plan 2022/23 consultationRead More
We invite you to comment on the Risk Operating Plan (ROP) for 2022/23. The ROP provides an overview of planned activities undertaken by the Performance Assurance Administrator (PAA) as part of the Performance Assurance annual cycle.
P432 Assessment Procedure ConsultationRead More
This Modification proposes to align the BSC definition of an Advanced Meter with that in the Standard License Conditions (SLC) and to set explicit Half Hourly (HH) Settlement obligations for Current Transformer (CT) Advanced Meters ahead of the migration to Market-wide Half-Hourly Settlement (MHHS).
Consultation on CAP decrease to £215/MWh from 8 April 2022Read More
This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £215/MWh. This two-day consultation will close at 17:00 on 24 March 2022.
Please note the last notified CAP value of £250/MWh will still go ahead on 1 April 2022.
Outcome
On Friday 8 April 2022, the CAP value will decrease to £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.
- Circular EL03554
Settlement on ‘short’ clock change day: 27 March 2022
The clock change this weekend will result in a ‘short’ day which will impact Settlement periods and contract notifications. On a ‘short’ clock change day, there are only 46 Settlement Periods instead of the normal 48.
Credit Assessment Price to decrease to £250/MWh from 1 April 2022
Source: Elexon Circular (EL03549)Elexon names Simon McCalla as its new Chief Executive Officer
Source: Elexon Corporate WebsiteSimon McCalla has been appointed as the new permanent CEO of Elexon.
Consultation: Allocation of New Grid Supply Point to GSP Group (WESA_H, SAFO_1)Read More
We are seeking views on two new Grid Supply Point (GSP) registration applications from the National Electricity Transmission System Operator (NETSO).
Investigations into potential Settlement errors in two GSP Groups
Elexon is investigating potential errors in Settlement related to the South Eastern GSP (Grid Supply Point) Group (Group _J) and the London GSP Group (Group _C). This follows our continued monitoring of the Annual Demand Ratio (ADR).
Consultation on CAP increase to £231/MWh from 17 March 2022Read More
This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £231/MWh. This two-day consultation will close at 17.00 on 2 March 2022.
Outcome
Following a consultation on the value of the CAP which we issued on 28 February, the Credit Committee has decided that the consulted on CAP value of £231/MWh (for implementation on 17 March 2022) is no longer reflective of market data.
Based on the latest market data available, the Credit Committee has set a new CAP of £330/MWh to be implemented on 17 March.
- Elexon Circular EL03542
Reconciliation charges to be introduced at next Settlement Run
National Grid ESO has resubmitted Balancing Services Adjustment Actions (BSAA) and Balancing Services Adjustment Data (BSAD) files for multiple settlement dates throughout 2021. The period covers January through to November 2021 and is across 69 distinctly impacted Settlement Periods.
Have your say on Metering shortages and supply chain issues
Elexon has been monitoring the on-going impacts of component shortages and supply chain challenges which are impacting on the availability of electricity Meters and related equipment. To help us understand the extent of these challenges, we have created a short survey to assess the impact on the industry.
Consultation on CAP decrease to £175/MWh from 8 March 2022Read More
This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £175/MWh. This two-day consultation will close at 17.00 on 21 February 2022.
Please note the last notified CAP value of £190/MWh will still go live on 22 February.
Outcome
The Credit Assessment Price (CAP) will stay at £190/MWh
The Credit Committee has decided that the consulted on CAP value of £175/MWh would no longer be reflective of market data for implementation in March. Therefore it will not be implemented unless forward market prices revert to their former downward trends very soon which will be observed very closely over the coming days until the next Credit Committee meeting.
- Circular EL03533
FAQs on testing of P375 BSC System changes
This page aims to answer common questions about participation in the testing of system changes related to Modification P375, part of the June 2022 Release.
Request for feedback on Newscast
We have been making changes to the layout and content on Newscast, which is our weekly newsletter that features key information about the industry and BSC activities.
Help shape design of Elexon’s future data and reporting service
To deliver on our commitment to providing enhanced, customisable data we are migrating the aging Balancing Mechanism Reporting Service platform (BMRS) to the Elexon Kinnect Insights Solution. Through easier access to data and data insights, the new Insights Solution will play a key role in supporting existing companies, new entrants and innovators who want to develop new products and services.
Participate in the design of our Digital BSC website
Elexon is working on a project to develop a brand new website that will enable customers to have much easier access to the Balancing and Settlement Code (BSC) and its subsidiary documents, ‘the Digital Code’. We are working on ways to make the BSC and its subsidiary documents more accessible and navigable for our customers.