P475 Report Phase Consultation on Allowing All Storage Sites to set and fix their own Production/Consumption Flags
The purpose of this Modification is to address the issue of storage BM Units flipping between Production (P) and Consumption (C) statuses. This flipping leads to significant financial challenges for parties managing large storage units. The proposal seeks to allow storage BM Units to fix their P/C status, thereby mitigating these challenges.
Status
Who will this impact?
This Modification is expected to impact:
- Generators
- Suppliers
- Non-Physical Traders
What is proposed?
P475 seeks to amend the BSC to allow all storage BM Units to fix their P/C status, thereby preventing dynamic recalculations and flipping. By treating storage BM Units similarly to Export Exempt BM Units, this proposal enables them to choose and fix their P/C flag. The proposed solution includes implementing changes to Section K ‘Classification and Registration of Metering Systems and BM Units’ of the BSC and updating Balancing and Settlement Code Procedure 15 (BSCP) ‘BM Unit Registration’ and any associated processes to reflect this fixed status.