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.
Credit Assessment Load Factor (CALF) values for the Autumn 2022 BSC Season available
The Credit Assessment Load Factor (CALF) values for the Autumn 2022 BSC Season, which runs from 1 September 2022 to 30 November 2022, 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 Balancing Mechanism Unit (BMU), you can appeal an assigned CALF value if you believe it does not accurately represent your expected activity by Monday 1 August 2022.
PAB approves changes for monitoring Settlement performance standards
At its May 2022 meeting, the Performance Assurance Board (PAB) undertook a review of its approach to managing the Settlement Performance standard. The PAB has approved two changes to the Settlement Performance Standard.
Consultation: Credit Assessment Price change to £190/MWh from 1 June 2022Read More
This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £190/MWh from 1 June 2022. This two-day consultation will close at 17:00 on 17 May 2022.
Outcome
The Credit Committee held a meeting today, 30 May 2022, and decided to postpone the implementation date of the last notified CAP of £190/MWh. It was due to go live on 1 June 2022 but this has now been postponed to 1 July 2022.
- Elexon Circular EL035897
Previous decision
On Wednesday 1 June 2022, the CAP value will increase to £190/MWh from the current CAP of £177/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.
- Elexon Circular EL03586
Gearing up for go-live of faster switching reforms
Elexon is helping the industry to get set for the go-live of the Central Switching Service (CSS) this summer as part of Ofgem’s Switching Programme.
The CSS, which will be governed by version 3.0 of the Retail Energy Code (REC), will provide a single, dual fuel switching process for gas and electricity. The aim is to make switching faster and more reliable.
Update on investigations into Settlement errors at two GSP groups
Elexon has been investigating errors in Settlement related to two Grid Supply Point (GSP) Groups: South Eastern GSP Group (Group _J); and London GSP Group (Group _C). This follows our continued monitoring of the Annual Demand Ratio (ADR).