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DTSTART;TZID=Europe/London:20210903T093000
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DTSTAMP:20260615T120735
CREATED:20210902T105202Z
LAST-MODIFIED:20210902T105202Z
UID:173769-1630661400-1630683000@elexon-beta.elexonhostings.co.uk
SUMMARY:P415 Workgroup Meeting 6
DESCRIPTION:Customers (consumers of electricity) who are able to be flexible about their consumption cannot currently obtain any value from that flexibility from the Wholesale Energy Market\, except if they work with their Supplier to do so. This is because the BSC assigns all flexibility delivered by a customer to their Supplier\, with the exception of flexibility instructed by National Grid in the Balancing Mechanism or Replacement Reserve market (TERRE)\, which can be assigned to a third party (referred to in the BSC as a “Virtual Lead Party”). \nAs a result\, customers can only access power exchanges (and other markets that require notification of contracts under the BSC) though their Supplier. This contrasts with Balancing Services\, the Balancing Mechanism\, and the Capacity Market\, all of which allow a customer’s flexibility to be offered by an aggregator without the involvement of the Supplier. \nThis meeting will be to consider various routes forward for the P415 Cost Benefit Analysis and discuss Supplier compensation in further detail.
URL:https://elexon-beta.elexonhostings.co.uk/bsc/events-calendar-item/p415-workgroup-meeting-6/
LOCATION:Elexon Ltd\, 4th Floor\, 350 Euston Road\, London\, NW1 3AW\, United Kingdom
CATEGORIES:Change meetings,Meetings
GEO:51.5242552;-0.1421212
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