{"id":329,"date":"2011-10-14T21:48:33","date_gmt":"2011-10-14T21:48:33","guid":{"rendered":"http:\/\/elexonresearch.preview4.co.uk\/?post_type=glossary&#038;p=329"},"modified":"2024-07-29T16:59:02","modified_gmt":"2024-07-29T15:59:02","slug":"2nd-reconciliation","status":"publish","type":"glossary","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/2nd-reconciliation\/","title":{"rendered":"2nd Reconciliation"},"content":{"rendered":"<p>The target is for all Suppliers to have 97% of energy on actual data by RF. The Reconciliation Runs should be thought of as improving the accuracy of Settlement each time. We generate invoices and Settlement Reports for each Run.<\/p>\n<h3>Settlement Run Timetable<\/h3>\n<ul>\n<li>Interim Information Run &#x2013; 1 week after the Settlement Period (for information only as no Parties are charged or credited at this stage)<\/li>\n<li>Initial Settlement Run (SSF) &#x2013; 1 month after the Settlement Period and first time Parties are charged or credited<\/li>\n<li>1st Reconciliation Run (R1) &#x2013; 2 months after the Settlement Period<\/li>\n<li>2nd Reconciliation Run (R2) &#x2013; 5 months after the Settlement Period<\/li>\n<li>3rd Reconciliation Run (R3) &#x2013; 7 months after the Settlement Period<\/li>\n<li>Final Run (RF) &#x2013; 14 months after the Settlement Period<\/li>\n<li>Dispute Final (DF) &#x2013; 28 months after the Settlement Period<\/li>\n<\/ul>\n<h2 id=\"bsc-defined-definition\">BSC defined definition<\/h2>\n<p>The second reconciliation run carried out by the Settlement Administration Agent (SAA) in line with the published settlements calendar. This occurs approximately one quarter after the first run.<\/p>\n<h2 id=\"further-information\">Further information<\/h2>\n<ul>\n<li><a href=\"https:\/\/bscdocs.elexon.co.uk\/guidance-notes\/the-electricity-trading-arrangements-a-beginners-guide\">The Electricity Trading Arrangements A Beginner&#x2019;s Guide<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/\">About Settlement &amp; Invoicing<\/a><\/li>\n<\/ul>\n<h2 id=\"related-terms\">Related terms<\/h2>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/settlement-administration-agent\/\">Settlement Administration Agent<\/a><\/li>\n<\/ul>\n\n","protected":false},"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","inline_featured_image":false},"tags":[],"class_list":["post-329","glossary","type-glossary","status-publish","hentry"],"acf":[],"semantic_search":{"post_id":329,"title":"2nd Reconciliation","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/2nd-reconciliation\/","categories":[],"tags":[],"content":"\n\t<div class=\"acronym\">\n\t\t<span><strong>Acronym:<\/strong> R2<\/span>\n\t<\/div>\n\n\n<div class=\"panel-content\">\n\t<p>Electricity companies that are signed up to the BSC are paid or charged through a series of Settlement Runs, calculations carried out between one and 14 months after the Settlement Period, unless there is a dispute over data, in which case it is 28 months after.<\/p>\n<p>There are four Reconciliation Runs (R1, R2, R3 and RF) and these Runs provide a continually clearer picture of Settlement at spaced dates after the Settlement Date.<\/p>\n<p>The second reconciliation run carried out by the Settlement Administration Agent (SAA) in line with the published settlements calendar. This occurs approximately one quarter after the first run.<\/p>\n\n\t<p>The target is for all Suppliers to have 97% of energy on actual data by RF. The Reconciliation Runs should be thought of as improving the accuracy of Settlement each time. We generate invoices and Settlement Reports for each Run.<\/p>\n<h3>Settlement Run Timetable<\/h3>\n<ul>\n<li>Interim Information Run &#x2013; 1 week after the Settlement Period (for information only as no Parties are charged or credited at this stage)<\/li>\n<li>Initial Settlement Run (SSF) &#x2013; 1 month after the Settlement Period and first time Parties are charged or credited<\/li>\n<li>1st Reconciliation Run (R1) &#x2013; 2 months after the Settlement Period<\/li>\n<li>2nd Reconciliation Run (R2) &#x2013; 5 months after the Settlement Period<\/li>\n<li>3rd Reconciliation Run (R3) &#x2013; 7 months after the Settlement Period<\/li>\n<li>Final Run (RF) &#x2013; 14 months after the Settlement Period<\/li>\n<li>Dispute Final (DF) &#x2013; 28 months after the Settlement Period<\/li>\n<\/ul>\n<h2 id=\"bsc-defined-definition\">BSC defined definition<\/h2>\n<p>The second reconciliation run carried out by the Settlement Administration Agent (SAA) in line with the published settlements calendar. This occurs approximately one quarter after the first run.<\/p>\n<h2 id=\"further-information\">Further information<\/h2>\n<ul>\n<li><a href=\"https:\/\/bscdocs.elexon.co.uk\/guidance-notes\/the-electricity-trading-arrangements-a-beginners-guide\">The Electricity Trading Arrangements A Beginner&#x2019;s Guide<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/\">About Settlement &amp; Invoicing<\/a><\/li>\n<\/ul>\n<h2 id=\"related-terms\">Related terms<\/h2>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/settlement-administration-agent\/\">Settlement Administration Agent<\/a><\/li>\n<\/ul>\n\n<\/div>","s3_url":""},"_links":{"self":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary\/329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/types\/glossary"}],"version-history":[{"count":3,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary\/329\/revisions"}],"predecessor-version":[{"id":209815,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary\/329\/revisions\/209815"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=329"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}