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.
Shared Supplier Volume Allocation (SVA) Metering System obligations
The Trading Disputes Committee (TDC) has recently encountered a number of Trading Disputes where the root cause was determined to be issues with implementing or maintaining a Shared Supplier Volume Allocation (SVA) Metering System. We want to ensure that Parties understand their obligations and the processes they must follow to prevent future impacts to Settlement.
Ofgem approve Elexon’s Business Separation Plan for Market-wide Half Hourly Settlement
On 19 November 2021, Ofgem approved Elexon’s Business Separation Plan for the Market-wide Half Hourly Settlement (MHHS) Programme.
Consultation: Credit Assessment Price decrease to £230/MWhRead More
We are consulting on a decrease of the CAP to £230/MWh from the last notified value of £240/MWh. This is a two day consultation, and will close at 17:00 on 18 November 2021.
Outcome
The consultation closed on Thursday 18 November 2021 and two 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 reduced CAP value. These responses will be considered in more detail at the next Credit Committee meeting, which will be in the week beginning 29 November 2021.
- Circular EL03457
P412 National Grid ESO Consultation: responses due by 5pm on 26 November 2021
Source: National Grid ESONationalGrid invite all interested parties to respond to this consultation setting out their views on the options identified and any other areas that they consider to be relevant. The conclusions from this consultation will feed into the P412 development process and allow all participants, NGESO and Ofgem to make an informed decision on how to progress an appropriate solution to this issue.
Review of the MHHS 2021/22 costs – £4m to be returned to Suppliers in December
The MHHS Implementation Management Charge was set by the BSC Panel at its June meeting at £0.03847/Supplier Volume Allocation MSID, per month. This charge was initially calculated on the basis of the annual MHHS budget, however we committed at the June 2021 Panel meeting to review the charge later in the financial year once there was a better view of the costs likely to be incurred.
Alternative CAP Review process consultationRead More
This consultation seeks views on including an alternative review process in the Credit Assessment Price (CAP) Review Guidance Document in light of volatile electricity market prices.
Modification P399 implemented to support greater competition for balancing services
On 4 November Elexon implemented five changes to the Balancing and Settlement Code (BSC) as part of the November 2021 release. This comprises one Modification, P399 ‘Making the identity of Balancing Service providers visible in the Balancing Services Adjustment Data’, and four Change Proposals. Modifications amend BSC rules and Change Proposals amend BSC subsidiary documents.
Deadline approaching: Submission of GC/DC values for Winter 2021
The Winter BSC Season starts on Wednesday 1 December and the deadline is approaching for Parties to submit their Generation Capacity (GC) and a Demand Capacity (DC). There are two different ways you can submit these values. If you use Elexon Kinnect, the final deadline for submitting GC/DC values via the Customer Solution is 17:00 on Friday 12 November. If you are submitting the values by the BSCP15/4.3 form, the deadline for submission is 17:00 on Wednesday 17 November.
Credit Assessment Price decrease to £240/MWh on 18 November
Following a consultation, the Credit Assessment Price (CAP) value will decrease from £259/MWh to £240/MWh on Thursday 18 November 2021.
Consultation issued on 01 November on decrease of the CAP to £240/MWhRead More
We are consulting on a decrease of the CAP to £240/MWh from the last notified value of £259/MWh. A change to CAP can impact the amount of Credit Cover required by a BSC Party.