{"id":131246,"date":"2019-08-01T09:05:44","date_gmt":"2019-08-01T08:05:44","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?page_id=131246"},"modified":"2023-07-06T15:59:32","modified_gmt":"2023-07-06T14:59:32","slug":"005-sva-risk-metering-equipment-faults-are-not-resolved","status":"publish","type":"page","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-processes\/005-sva-risk-metering-equipment-faults-are-not-resolved\/","title":{"rendered":"005 SVA Risk: Metering Equipment Faults are not resolved"},"content":{"rendered":"<p>This page outlines the risk that A fault with SVA Metering Equipment is not resolved, such that metered data is recorded incorrectly or cannot be retrieved resulting in Erroneous or estimated data in Settlement<strong>&#xA0; &#xA0;<\/strong><\/p>\n\n        <figure id=\"attachment_131244\" aria-describedby=\"figcaption_attachment_131244\" class=\"figure-caption alignright\" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\" style=\"width: 335px\">\n            <a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-content\/uploads\/2019\/08\/PAF-Risk-005.jpg\"><img loading=\"lazy\" decoding=\"async\" itemprop=\"contentURL\" class=\" wp-image-131244\" src=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-content\/uploads\/2019\/08\/PAF-Risk-005-200x300.jpg\" alt=\"Diagram of SVA Risk 005: Metering Equipment Faults\" width=\"335\" height=\"503\" srcset=\"https:\/\/elexon-bsc-production-cdn.s3.eu-west-2.amazonaws.com\/wp-content\/uploads\/2019\/08\/28155509\/PAF-Risk-005-200x300.jpg 200w, https:\/\/elexon-bsc-production-cdn.s3.eu-west-2.amazonaws.com\/wp-content\/uploads\/2019\/08\/28155509\/PAF-Risk-005-600x899.jpg 600w, https:\/\/elexon-bsc-production-cdn.s3.eu-west-2.amazonaws.com\/wp-content\/uploads\/2019\/08\/28155509\/PAF-Risk-005.jpg 656w\" sizes=\"auto, (max-width: 335px) 100vw, 335px\"><\/a>\n            <figcaption id=\"figcaption_attachment_131244\" class=\"wp-caption-text\" itemprop=\"description\">\n                Diagram of SVA Risk 005: Metering Equipment Faults\n            <\/figcaption>\n        <\/figure>\n<h2 id=\"how-it-relates-to-you\">How it relates to you<\/h2>\n<p>Risk 005 impacts all meters in the SVA market.<\/p>\n<h3>Parties responsible for risk factors<\/h3>\n<ul>\n<li>Supplier<\/li>\n<li>Meter Operator Agent<\/li>\n<li>Data Collector<\/li>\n<\/ul>\n<h3>Parties responsible for operating controls<\/h3>\n<ul>\n<li>Supplier<\/li>\n<li>Meter Operator Agent<\/li>\n<li>Data Collector<\/li>\n<\/ul>\n<p>Risk 005 forms part of the Meter maintenance process shown in the <a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-processes\/settlement-risks-risk-visualisation-tool\/\" data-wpel-link=\"internal\">Risk Visualisation Tool<\/a>.<\/p>\n<h2 id=\"potential-causes\">Potential causes<\/h2>\n<p>Potential causes, or as they known in the Risk Evaluation Register: Risk Factors are the points of failure that could result in erroneous or estimated data entering Settlement.<\/p>\n<p>Elexon has identified a number of typical failure points related to this risk, parties should note the list is non-exhaustive, and not all risk factors are applicable to every role type.<\/p>\n<ul>\n<li>The Fault Investigation Process is not triggered for a suspected or identified fault (e.g. Data Collector does not act on triggered alarm flags or failures in validation processes, Supplier does not act on suspect data or customer complaint\/query)<\/li>\n<li>Meter Operator fails to act on the triggering of the Fault Investigation Process (D0001, D0005) in a timely manner or at all<\/li>\n<li>Details of outstanding faults not transferred on a Change of Agent event<\/li>\n<\/ul>\n<h2 id=\"potential-solutions\">Potential solutions<\/h2>\n<p>Parties responsible for operating controls should take note of the information below. This identifies the BSC Sections and Procedures relating the risk.<\/p>\n<p>Parties should understand their responsibilities in relation to this risk.<\/p>\n<p>Review the processes outlined in the following BSCPs and ensure that internal processes match the requirements:<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/csd\/bscp502-half-hourly-data-collection-for-sva-metering-systems-registered-in-smrs\/\">BSCP502: Half Hourly Data Collection for SVA Metering Systems Registered in SMRS<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/csd\/bscp504-non-half-hourly-data-collection-for-sva-metering-systems-registered-in-smrs\/\">BSCP504: Non Half Hourly Data Collection for SVA Metering Systems Registered in SMRS<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/csd\/bscp514-sva-meter-operations-for-metering-systems-registered-in-smrs\/\">BSCP514: SVA Meter Operations for Metering Systems Registered in SMRS<\/a><\/li>\n<\/ul>\n<h2 id=\"impact-of-this-risk-on-the-industry\">Impact of this risk on the industry<\/h2>\n<p>This graph highlights the probability distribution of this risk and cost incurred to the industry when a risk manifests over the course of a year<\/p>\n<ul>\n<li>Impact: &#xA3;29.8 Million<\/li>\n<li>Upper Impact: &#xA3;55.8 Million<\/li>\n<li>Volatility: Medium<\/li>\n<\/ul>\n<p>In order for you (a party) to calculate the impact this risk has on your party, please multiply your market share by the impact as outlined above.<\/p>\n<h3>Probability graph<\/h3>\n<p><iframe loading=\"lazy\" src=\"https:\/\/app.powerbi.com\/view?r=eyJrIjoiNjM1YmE4MTEtMjk5ZS00ZjEyLWJlNmMtMGIyNzNlMzNhNjFlIiwidCI6IjFhMjM1Mzg1LTVkMjktNDBlMS05NmZkLWJjNWVjMjcwNjM2MSJ9\" width=\"100%\" height=\"600\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2 id=\"further-information\">Further information<\/h2>\n<p><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-processes\/performance-assurance-risk-evaluation-register\/\" data-wpel-link=\"internal\">Risk Evaluation Register<\/a>&#xA0;sets out further detailed information on the noted controls.<\/p>\n<h2 id=\"support-and-training\">Support and training<\/h2>\n<p><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/about\/elexon-key-contacts\/operational-support-managers-osms\/\" data-wpel-link=\"internal\">Operational Support Managers<\/a>&#xA0;(OSMs) are able to help with further information or training on this risk and associated processes<\/p>\n<h2 id=\"methodology-used-for-this-risk\">Methodology used for this risk<\/h2>\n<p>The following document outlines the methodology used to assess the Settlement Risk related to the retrieval of metered data.<\/p>\n<ul>\n<li>\n<a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/performance-assurance\/processes\/risk-methodology-005-sva-risk-metering-equipment-fault-resolution\/\" title=\"Risk Methodology: 005 SVA Risk: metering equipment fault resolution\" data-filetype=\"pdf\">Methodology for 005 SVA Risk: Metering Equipment Faults <small class=\"filesize\">(Size: )<\/small><\/a>\n<\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-techniques\/\">More on Techniques, Timetable and Methodology<\/a><\/li>\n<\/ul>\n\n","protected":false},"excerpt":{"rendered":"<p>This page outlines the risk that A fault with SVA Metering Equipment is not resolved, such that metered data is recorded incorrectly or cannot be retrieved resulting in Erroneous or [&hellip;]<\/p>\n","protected":false},"author":351,"featured_media":0,"parent":29182,"menu_order":0,"comment_status":"closed","ping_status":"closed","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,"footnotes":""},"tags":[],"class_list":["post-131246","page","type-page","status-publish","hentry"],"acf":[],"semantic_search":{"post_id":131246,"title":"005 SVA Risk: Metering Equipment Faults are not resolved","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-processes\/005-sva-risk-metering-equipment-faults-are-not-resolved\/","categories":[],"tags":[],"content":"\n    <div class=\"panel-content\">\n        <p>This page outlines the risk that A fault with SVA Metering Equipment is not resolved, such that metered data is recorded incorrectly or cannot be retrieved resulting in Erroneous or estimated data in Settlement<strong>&#xA0; &#xA0;<\/strong><\/p>\n\n        <figure id=\"attachment_131244\" aria-describedby=\"figcaption_attachment_131244\" class=\"figure-caption alignright\" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\" style=\"width: 335px\">\n            <a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-content\/uploads\/2019\/08\/PAF-Risk-005.jpg\"><img loading=\"lazy\" decoding=\"async\" itemprop=\"contentURL\" class=\" wp-image-131244\" src=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-content\/uploads\/2019\/08\/PAF-Risk-005-200x300.jpg\" alt=\"Diagram of SVA Risk 005: Metering Equipment Faults\" width=\"335\" height=\"503\" srcset=\"https:\/\/elexon-bsc-production-cdn.s3.eu-west-2.amazonaws.com\/wp-content\/uploads\/2019\/08\/28155509\/PAF-Risk-005-200x300.jpg 200w, https:\/\/elexon-bsc-production-cdn.s3.eu-west-2.amazonaws.com\/wp-content\/uploads\/2019\/08\/28155509\/PAF-Risk-005-600x899.jpg 600w, https:\/\/elexon-bsc-production-cdn.s3.eu-west-2.amazonaws.com\/wp-content\/uploads\/2019\/08\/28155509\/PAF-Risk-005.jpg 656w\" sizes=\"auto, (max-width: 335px) 100vw, 335px\"><\/a>\n            <figcaption id=\"figcaption_attachment_131244\" class=\"wp-caption-text\" itemprop=\"description\">\n                Diagram of SVA Risk 005: Metering Equipment Faults\n            <\/figcaption>\n        <\/figure>\n<h2 id=\"how-it-relates-to-you\">How it relates to you<\/h2>\n<p>Risk 005 impacts all meters in the SVA market.<\/p>\n<h3>Parties responsible for risk factors<\/h3>\n<ul>\n<li>Supplier<\/li>\n<li>Meter Operator Agent<\/li>\n<li>Data Collector<\/li>\n<\/ul>\n<h3>Parties responsible for operating controls<\/h3>\n<ul>\n<li>Supplier<\/li>\n<li>Meter Operator Agent<\/li>\n<li>Data Collector<\/li>\n<\/ul>\n<p>Risk 005 forms part of the Meter maintenance process shown in the <a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-processes\/settlement-risks-risk-visualisation-tool\/\" data-wpel-link=\"internal\">Risk Visualisation Tool<\/a>.<\/p>\n<h2 id=\"potential-causes\">Potential causes<\/h2>\n<p>Potential causes, or as they known in the Risk Evaluation Register: Risk Factors are the points of failure that could result in erroneous or estimated data entering Settlement.<\/p>\n<p>Elexon has identified a number of typical failure points related to this risk, parties should note the list is non-exhaustive, and not all risk factors are applicable to every role type.<\/p>\n<ul>\n<li>The Fault Investigation Process is not triggered for a suspected or identified fault (e.g. Data Collector does not act on triggered alarm flags or failures in validation processes, Supplier does not act on suspect data or customer complaint\/query)<\/li>\n<li>Meter Operator fails to act on the triggering of the Fault Investigation Process (D0001, D0005) in a timely manner or at all<\/li>\n<li>Details of outstanding faults not transferred on a Change of Agent event<\/li>\n<\/ul>\n<h2 id=\"potential-solutions\">Potential solutions<\/h2>\n<p>Parties responsible for operating controls should take note of the information below. This identifies the BSC Sections and Procedures relating the risk.<\/p>\n<p>Parties should understand their responsibilities in relation to this risk.<\/p>\n<p>Review the processes outlined in the following BSCPs and ensure that internal processes match the requirements:<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/csd\/bscp502-half-hourly-data-collection-for-sva-metering-systems-registered-in-smrs\/\">BSCP502: Half Hourly Data Collection for SVA Metering Systems Registered in SMRS<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/csd\/bscp504-non-half-hourly-data-collection-for-sva-metering-systems-registered-in-smrs\/\">BSCP504: Non Half Hourly Data Collection for SVA Metering Systems Registered in SMRS<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/csd\/bscp514-sva-meter-operations-for-metering-systems-registered-in-smrs\/\">BSCP514: SVA Meter Operations for Metering Systems Registered in SMRS<\/a><\/li>\n<\/ul>\n<h2 id=\"impact-of-this-risk-on-the-industry\">Impact of this risk on the industry<\/h2>\n<p>This graph highlights the probability distribution of this risk and cost incurred to the industry when a risk manifests over the course of a year<\/p>\n<ul>\n<li>Impact: &#xA3;29.8 Million<\/li>\n<li>Upper Impact: &#xA3;55.8 Million<\/li>\n<li>Volatility: Medium<\/li>\n<\/ul>\n<p>In order for you (a party) to calculate the impact this risk has on your party, please multiply your market share by the impact as outlined above.<\/p>\n<h3>Probability graph<\/h3>\n<p><iframe loading=\"lazy\" src=\"https:\/\/app.powerbi.com\/view?r=eyJrIjoiNjM1YmE4MTEtMjk5ZS00ZjEyLWJlNmMtMGIyNzNlMzNhNjFlIiwidCI6IjFhMjM1Mzg1LTVkMjktNDBlMS05NmZkLWJjNWVjMjcwNjM2MSJ9\" width=\"100%\" height=\"600\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2 id=\"further-information\">Further information<\/h2>\n<p><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-processes\/performance-assurance-risk-evaluation-register\/\" data-wpel-link=\"internal\">Risk Evaluation Register<\/a>&#xA0;sets out further detailed information on the noted controls.<\/p>\n<h2 id=\"support-and-training\">Support and training<\/h2>\n<p><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/about\/elexon-key-contacts\/operational-support-managers-osms\/\" data-wpel-link=\"internal\">Operational Support Managers<\/a>&#xA0;(OSMs) are able to help with further information or training on this risk and associated processes<\/p>\n<h2 id=\"methodology-used-for-this-risk\">Methodology used for this risk<\/h2>\n<p>The following document outlines the methodology used to assess the Settlement Risk related to the retrieval of metered data.<\/p>\n<ul>\n<li>\n<a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/performance-assurance\/processes\/risk-methodology-005-sva-risk-metering-equipment-fault-resolution\/\" title=\"Risk Methodology: 005 SVA Risk: metering equipment fault resolution\" data-filetype=\"pdf\">Methodology for 005 SVA Risk: Metering Equipment Faults <small class=\"filesize\">(Size: )<\/small><\/a>\n<\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-techniques\/\">More on Techniques, Timetable and Methodology<\/a><\/li>\n<\/ul>\n\n    <\/div>\n\n","s3_url":""},"_links":{"self":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/131246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/users\/351"}],"replies":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/comments?post=131246"}],"version-history":[{"count":1,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/131246\/revisions"}],"predecessor-version":[{"id":199179,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/131246\/revisions\/199179"}],"up":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/29182"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=131246"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=131246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}