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.
Send Back Consultation on P461: Accurate Reporting of Customers Delivered Volumes to SuppliersRead More
Ofgem issued a Send Back Direction on P461 ‘Accurate Reporting of Customers Delivered Volumes to Suppliers’ to the BSC Panel on 8 May 2024, as it was unable to form an opinion on whether or not P461 should be approved. The Panel approved the draft Send Back Process at its meeting on 9 May 2024.
The Send Back Consultation was issued on 13 May 2024 and will close at 5pm on Friday 24 May 2024.
Digitalisation Strategy and Action Plan and Annual BSC Meeting 2024
We are delighted to invite you to our Annual BSC Meeting and Seminar at the Elexon offices where we will launch our first-ever Digitalisation Strategy and Action Plan.
Increased functionality added to Digital Code site
Elexon is always working towards improvements to the customer experience of our services and the Digital Code is a key part of what customers can access. We have been working on new functionality which we think will really help our customers when they are using this site.
Re-Issuing of Period Profile Class Coefficients impacting Settlement from January to September 2023
Between 27 January 2023 and 24 September 2023, the Supplier Volume Allocation Agent (SVAA) issued incorrect Daily Profile Coefficients (DPCs) to Non Half Hourly Data Collectors (NHHDCs) on 85 Settlement Days.
Estimates of Annual Consumption (EAC) and Annualised Advances (AAs) calculated by NHHDCs using these inaccurate Coefficients were incorrectly apportioning the volume to each Settlement Period.
Legacy Balancing Mechanism Reporting Service to be switched off today
Elexon will switch off the legacy Balancing Mechanism Reporting Service (BMRS) on 31 May (2024) at 11:59pm, as we have replaced it with the Insights Solution, our new wholesale market data platform.
Consultation: increasing CAP to £78 from 18 June 2024Read More
This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £78 from 18 June 2024. This two-day consultation will close at 17:00 on 31 May 2024.
Implementation Consultation for P466: BSC Section N ModernisationRead More
This consultation aimed to provide the BSC Panel with further information to enable it to recommend a revised Implementation Date to the Authority. The Authority directed the Panel to consult on a revised proposed Implementation Date for P466, as the current Implementation Date is no longer appropriate.
We reported to Ofgem that the current P466 Implementation Date was no longer appropriate, as it significantly increased the risk of delivering P415 Facilitating access to wholesale markets for flexibility dispatched by Virtual Lead Parties and Helix, our Market Wide Half Hourly Settlement (MHHS) delivery programme. This is because P415 and Helix require, amongst others, changes to the FAA system. We are modernising the FAA system as part of our Kinnect programme and for reasons of efficiency and cost, will implement P466, P415 and Helix onto the new FAA system. To manage the risk, we plan to implement the new FAA system and P466 at the same time and then subsequently implement the P415 and Helix changes. This is not possible under the current P466 implementation approach.
Consultation: increasing CAP to £70 from 31 May 2024Read More
This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £70 from 31 May 2024. This two-day consultation will close at 17:00 on 15 May 2024.
P463 Assessment Procedure Consultation on Introducing a Standard Change ProcessRead More
P463 seeks to introduce a new change process – a ‘Standard Change’ process – into the BSC arrangements that would allow for certain, low risk, predictable and repeatable pre-authorised changes to be implemented without following the existing Change Proposal or Modification procedures. This should reduce the burden on industry and Elexon; allowing them to focus on higher value activities.
End to reporting of some transparency data to Elexon
As part of the development of Elexon’s new wholesale market data service, the Insights Solution, we did not migrate some data flows from the legacy Balancing Mechanism Reporting Service (BMRS) to the new platform.