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.
Ofgem’s energy codes satisfaction survey echoes Elexon’s survey results
Consultation on CAP increase to £340/MWh from 25 January 2022Read More
This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £340/MWh. This two-day consultation will close at 17.00 on 7 January 2022. Please note the last notified CAP value of £380/MWh will not go live on 7 January following a Credit Committee decision on 5 January 2022 to retain the current CAP of £305/MWh.
Update (20 Jan 2022)
The Credit Committee has been monitoring market data and held a meeting on 20 January 2022 to decide if the last notified CAP value of £340/MWh was still reflective of the recent market data and/or to propose a new CAP value for consultation.
The Credit Committee decided to cancel the last notified CAP value of £340/MWh, which was due to go live on 25 January 2022.
They also proposed a new CAP value of £245/MWh, which will go live on 8 February 2022. The next scheduled Credit Committee meeting is on 27 January where a new CAP could potentially be proposed. Therefore, the minimum duration of the new proposed CAP (£245/MWh) will be between 8 February 2022 and 15 February 2022.
We have provided more information on the rationale for this proposed CAP on the consultation webpage. Parties are invited to respond by 17:00 on Monday 24 January 2022.
- Consultation on CAP decrease to £245/MWh from 8 February 2022
- Elexon Circular EL03514
Outcome (10 Jan 2022)
On Tuesday 25 January 2022, the CAP value will increase to £340/MWh from current value of £305/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.
- Circular EL03506
Metering Dispensation consultation enabling Meter installation to pre-CP1527 implementation CoPs for 18 monthsRead More
We are seeking views from BSC Parties on whether they support the proposed Metering Dispensation (D/535) given the current Meter shortage issues and the ongoing struggles with obtaining crucial components for the manufacture of new Meters.
Outcome (11 January)
The ISG (Imbalance Settlement Group) and SVG (Supplier Volume Allocation Group) have approved Metering Dispensations D/535 and D/536.
Metering Dispensation consultation on re-calibration of Meters registered to CoPs 3 and 5Read More
We are seeking views from BSC Parties on whether they support the proposed Metering Dispensation (D/536) raised as part of Issue 97 and relating to Meter shortage risk driven by global materials availability and supply chain challenges.
Outcome (11 January)
The ISG (Imbalance Settlement Group) and SVG (Supplier Volume Allocation Group) have approved Metering Dispensations D/535 and D/536.
Elexon 2022/23 business plan published
Source: Elexon Corporate WebsiteWe are asking for views from BSC Parties and stakeholders on our 2022/23 business plan which sets out how we will deliver our services and support Net Zero. Email your feedback to [email protected] by the end of 31 January.
Elexon Board circular to BSC Parties from Board Chair Michael Gibbons
Source: Elexon Corporate websiteELEXON BOARD – CIRCULAR LETTER TO BSC PARTIES NO 10
This is the latest letter from the Elexon Board to BSC Parties and our stakeholders on our key activities as a Board. In this letter I am providing you with updates on market conditions, our Business Plan, MHHS (Market-wide Half-Hourly Settlement), Elexon Kinnect and Project Helix, our latest customer satisfaction survey and changes to the leadership of the company.
Elexon Kinnect: our cloud native digital platform explained
A new interactive publication is available called Elexon Kinnect: Our cloud native digital platform explained. It explains how the three elements of Kinnect – the Customer, Settlement and Insights Solutions – work, and the benefits that each will realise.
2021 customer survey shows satisfaction levels remain high
Elexon’s 2021 customer survey results show that 91% of respondents believe our service has improved over the last year, or stayed the same. Overall satisfaction with our service remains consistently high, with 69% of respondents giving us a score of 8 to 10 out of 10.
Credit Assessment Price increase to £305/MWhRead More
This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £305/MWh from the last notified value of £230/MWh. This two-day consultation closed at 17.00 on 2 December.
Outcome
The CAP value will increase to £305/MWh on Friday 17 December 2021. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.
Three consultation responses disagreed with the proposed value. The Credit Committee considered the consultation responses without holding a Credit Committee meeting, so as not to hold up the implementation of the increased CAP value. These responses will also be considered in more detail at the next Credit Committee meeting, which will be in the week beginning 13 December 2021.
Issue 93 consultation: cease using Codes of Practice 6 to 9Read More
As part of Issue 93 we are aiming to consolidate the Codes of Practice (CoPs) into one document. The Issue Group believes this will remove any inconsistencies between the CoPs and provide an easier experience for participants using and interpreting the CoPs.