{"id":113909,"date":"2019-02-01T12:28:40","date_gmt":"2019-02-01T12:28:40","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?page_id=113909"},"modified":"2024-10-10T10:50:05","modified_gmt":"2024-10-10T09:50:05","slug":"performance-assurance-risk-evaluation-register","status":"publish","type":"page","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-processes\/performance-assurance-risk-evaluation-register\/","title":{"rendered":"Performance Assurance: Risk Evaluation Register"},"content":{"rendered":"

\"Diagram<\/a><\/p>\n

How it relates to you<\/h2>\n

Settlement Risks relating to Supplier Volume Allocation, Central Volume Allocation and Central Systems processes fall under the scope of the RER.<\/p>\n

The RER explains the annual process of review whereby existing risks are amended and\/or new risks included. <\/p>\n

A Settlement Risk is a risk of any failure or error in a process required under the BSC that may impact (or has impacted) Settlement. Settlement Risks are recorded on the Risk Evaluation Register (RER).<\/p>\n

An example of a Settlement Risk description from the RER is:<\/p>\n

\n

“The risk that [the NHHDC does not enter valid Meter readings by the Final
\nReconciliation (RF) Settlement Run] resulting in [old\/default data entering
\nSettlement]”.<\/p>\n<\/blockquote>\n

Elexon review the Risk Evaluation Register (RER) annually, as required in the Balancing and Settlement Code (BSC) section Z5.5.3.<\/p>\n

Elexon use the approved Risk Evaluation Methodology (REM) to identify and evaluate the Settlement Risks.<\/p>\n

The PAB consults with stakeholders on the Settlement Risks, before approving the register for use.<\/p>\n

2024-2025 Risk Evaluation Register<\/h3>\n