{"id":96267,"date":"2018-08-22T14:52:48","date_gmt":"2018-08-22T13:52:48","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?page_id=96267"},"modified":"2024-11-27T15:41:21","modified_gmt":"2024-11-27T15:41:21","slug":"becoming-non-physical-trader","status":"publish","type":"page","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/market-entry\/becoming-non-physical-trader\/","title":{"rendered":"Becoming a Non Physical Trader"},"content":{"rendered":"<h2 id=\"what-is-a-non-physical-trader\">What is a Non Physical Trader?<\/h2>\n<p>NPTs buy and sell electricity from Generators, Suppliers and other Trading Parties operating in the market to make a profit. However, they do not produce electricity or supply electricity directly to a metered customer.<\/p>\n<h2 id=\"video-on-the-vlp-market-entry-process\">Video on the NPT Market Entry Process<\/h2>\n<p>This video explains the process for entering the energy market as a Non Physical Trader (NPT).<\/p>\n\t\n\t\t<!-- NOINDEX -->\n\t\t<div class=\"panel-section\">\n\t\t\t<div class=\"media-store-shortcode\" data-post-id=\"185727\">\n\t\t\t\t<iframe loading=\"lazy\" title=\"Non-Physical Trader - Market Entry Process\" src=\"https:\/\/player.vimeo.com\/video\/631029971?dnt=1&amp;app_id=122963\" width=\"640\" height=\"360\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/iframe><div>Video Published: October 2021<\/div><div>Video Length: 9 mins, 21 sec<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<!-- ENDNOINDEX -->\n\t\n<p>&#xA0;<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/market-entry-exit\/market-entry-process\/non-physical-trader-market-entry-process-video-transcript\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Non Physical Trader Market Entry Process video transcript<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/market-entry-exit\/market-entry-process\/non-physical-trader-market-entry-process-video-presentation-slides\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Non Physical Trader Market Entry Process Presentation slides<\/a><\/li>\n<\/ul>\n<h2 id=\"qualifications-needed\">Qualifications needed<\/h2>\n<p>In order to qualify as a NPT you will need to obtain the following qualification:<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/market-entry\/cva-qualification\/\">CVA Qualification<\/a><\/li>\n<\/ul>\n<p>The CVA Qualification is needed to prove that NPTs have the ability to send certain communications to BSC Agents and ensure that certain communications are received.&#xA0;<\/p>\n<h2 id=\"costs\">Costs<\/h2>\n<p>NPTs acceding to the BSC must pay a &#xA3;500 Accession fee which covers the administrative costs of entering the market.<\/p>\n<p>Once acceded, a flat monthly fee of &#xA3;250 + VAT applies. This is known as a base monthly charge.&#xA0;<\/p>\n<h3>Credit cover<\/h3>\n<p>Charges are made to Parties (or by them) as a result of any imbalance (Trading Charges) 29 days after a Settlement Day. Over this period a Parties&#x2019; Credit Cover ensures it has enough collateral to cover these payments in case of default.<\/p>\n<p>We do not specify the amount of Credit Cover you must lodge; it is up to the Party to&#xA0;decide. Parties usually&#xA0;make this decision based on their&#xA0;trading characteristics.<\/p>\n<p>For more information on Credit Cover please see the <a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/\">Credit Cover explained page<\/a>.<\/p>\n<h3>Participant Test Service charges<\/h3>\n<p>For parties wanting to test\/re-test any flows you can use the PTS service to increase the level of assurance to individual companies, and to the industry as a whole.<\/p>\n<p>The service can be used before competing CVA Qualification testing and operating in the live environment, and to test any impacts as a result of changes to your business software.<\/p>\n<p>The PTS service is booked in half day test slots (9am-1pm\/1-5pm) and is charged at&#xA0;<strong>&#xA3;999+VAT per test slot<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/knowledgebase\/what-is-the-participant-test-service-pts-and-how-much-does-it-cost\/\" data-wpel-link=\"internal\">What is the Participant Test Service (PTS) and how much does it cost?<\/a><\/li>\n<\/ul>\n<p>To book a PTS test slot please submit a completed&#xA0;<a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/guidance-note\/participant-test-service-booking-form\/\" data-wpel-link=\"internal\">PTS Booking Form<\/a>&#xA0;to&#xA0;<a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/about\/elexon-key-contacts\/bsc-service-desk\/\" data-wpel-link=\"internal\">the BSC Service Desk<\/a>.<\/p>\n<h2 id=\"steps-needed-to-become-a-non-physical-trader\">Steps needed to become a Non Physical Trader<\/h2>\n<p>You will need to go through various steps in order to register as an NPT. The diagram below lists all the tasks required.<\/p>\n<p>Within the individual steps there are forms that need to be completed and details about financial transactions that need to take place. You can also use the Elexon Kinnect Customer Solution, where you will be directed to all the relevant steps needed to become a NPT. Elexon Kinnect is a self-service gateway that offers a guided and streamlined market entry process.<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/operations-settlement\/bsc-central-services\/updating-bsc-systems\/\" data-wpel-link=\"internal\">More on Elexon Kinnect<\/a><\/li>\n<\/ul>\n\n","protected":false},"excerpt":{"rendered":"<p>What is a Non Physical Trader? NPTs buy and sell electricity from Generators, Suppliers and other Trading Parties operating in the market to make a profit. However, they do not [&hellip;]<\/p>\n","protected":false},"author":407,"featured_media":0,"parent":1936,"menu_order":70,"comment_status":"closed","ping_status":"closed","template":"page-templates\/template-flow-chart.php","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":[15956],"class_list":["post-96267","page","type-page","status-publish","hentry","tag-market-entry-by-role"],"acf":[],"semantic_search":{"post_id":96267,"title":"Becoming a Non Physical Trader","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/market-entry\/becoming-non-physical-trader\/","categories":[],"tags":["How to enter the market by role"],"content":"    <div class=\"panel-content\">\n        <p>This page lists and details the step-by-step process of becoming a Non Physical Trader (NPT). You will also learn about what qualifications are needed, the relevant costs and charges and any other information you may need to know.<\/p>\n\n    <\/div>\n\n    <div class=\"panel-content\">\n        <h2 id=\"what-is-a-non-physical-trader\">What is a Non Physical Trader?<\/h2>\n<p>NPTs buy and sell electricity from Generators, Suppliers and other Trading Parties operating in the market to make a profit. However, they do not produce electricity or supply electricity directly to a metered customer.<\/p>\n<h2 id=\"video-on-the-vlp-market-entry-process\">Video on the NPT Market Entry Process<\/h2>\n<p>This video explains the process for entering the energy market as a Non Physical Trader (NPT).<\/p>\n\t\n\t\t<!-- NOINDEX -->\n\t\t<div class=\"panel-section\">\n\t\t\t<div class=\"media-store-shortcode\" data-post-id=\"185727\">\n\t\t\t\t<iframe loading=\"lazy\" title=\"Non-Physical Trader - Market Entry Process\" src=\"https:\/\/player.vimeo.com\/video\/631029971?dnt=1&amp;app_id=122963\" width=\"640\" height=\"360\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/iframe><div>Video Published: October 2021<\/div><div>Video Length: 9 mins, 21 sec<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<!-- ENDNOINDEX -->\n\t\n<p>&#xA0;<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/market-entry-exit\/market-entry-process\/non-physical-trader-market-entry-process-video-transcript\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Non Physical Trader Market Entry Process video transcript<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/market-entry-exit\/market-entry-process\/non-physical-trader-market-entry-process-video-presentation-slides\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Non Physical Trader Market Entry Process Presentation slides<\/a><\/li>\n<\/ul>\n<h2 id=\"qualifications-needed\">Qualifications needed<\/h2>\n<p>In order to qualify as a NPT you will need to obtain the following qualification:<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/market-entry\/cva-qualification\/\">CVA Qualification<\/a><\/li>\n<\/ul>\n<p>The CVA Qualification is needed to prove that NPTs have the ability to send certain communications to BSC Agents and ensure that certain communications are received.&#xA0;<\/p>\n<h2 id=\"costs\">Costs<\/h2>\n<p>NPTs acceding to the BSC must pay a &#xA3;500 Accession fee which covers the administrative costs of entering the market.<\/p>\n<p>Once acceded, a flat monthly fee of &#xA3;250 + VAT applies. This is known as a base monthly charge.&#xA0;<\/p>\n<h3>Credit cover<\/h3>\n<p>Charges are made to Parties (or by them) as a result of any imbalance (Trading Charges) 29 days after a Settlement Day. Over this period a Parties&#x2019; Credit Cover ensures it has enough collateral to cover these payments in case of default.<\/p>\n<p>We do not specify the amount of Credit Cover you must lodge; it is up to the Party to&#xA0;decide. Parties usually&#xA0;make this decision based on their&#xA0;trading characteristics.<\/p>\n<p>For more information on Credit Cover please see the <a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/\">Credit Cover explained page<\/a>.<\/p>\n<h3>Participant Test Service charges<\/h3>\n<p>For parties wanting to test\/re-test any flows you can use the PTS service to increase the level of assurance to individual companies, and to the industry as a whole.<\/p>\n<p>The service can be used before competing CVA Qualification testing and operating in the live environment, and to test any impacts as a result of changes to your business software.<\/p>\n<p>The PTS service is booked in half day test slots (9am-1pm\/1-5pm) and is charged at&#xA0;<strong>&#xA3;999+VAT per test slot<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/knowledgebase\/what-is-the-participant-test-service-pts-and-how-much-does-it-cost\/\" data-wpel-link=\"internal\">What is the Participant Test Service (PTS) and how much does it cost?<\/a><\/li>\n<\/ul>\n<p>To book a PTS test slot please submit a completed&#xA0;<a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/guidance-note\/participant-test-service-booking-form\/\" data-wpel-link=\"internal\">PTS Booking Form<\/a>&#xA0;to&#xA0;<a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/about\/elexon-key-contacts\/bsc-service-desk\/\" data-wpel-link=\"internal\">the BSC Service Desk<\/a>.<\/p>\n<h2 id=\"steps-needed-to-become-a-non-physical-trader\">Steps needed to become a Non Physical Trader<\/h2>\n<p>You will need to go through various steps in order to register as an NPT. The diagram below lists all the tasks required.<\/p>\n<p>Within the individual steps there are forms that need to be completed and details about financial transactions that need to take place. You can also use the Elexon Kinnect Customer Solution, where you will be directed to all the relevant steps needed to become a NPT. Elexon Kinnect is a self-service gateway that offers a guided and streamlined market entry process.<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/operations-settlement\/bsc-central-services\/updating-bsc-systems\/\" data-wpel-link=\"internal\">More on Elexon Kinnect<\/a><\/li>\n<\/ul>\n\n    <\/div>\n\n<div class=\"pagebuilder-blocks\"><div class=\"panel-content\">\n    <h2 id=\"getting-started\">Getting started<\/h2>\n<p>The first thing to do is formally register your intent to become a NPT. You can do this by completing an expression of interest form. If you would like a meeting to discuss any further questions you have please state your availability in the expression of interest form, and we will arrange a meeting with you to discuss your questions or alternatively please send us an email with your questions to <a href=\"mailto:market.entry@elexon.co.uk\">market.entry@elexon.co.uk<\/a>.<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/market-entry\/meeting-request-form\/\">Express your interest in joining the market<\/a><\/li>\n<\/ul>\n<p>After the meeting you will be issued with an Elexon Kinnect login. From there you can start to go through the market entry process.&#xA0;<\/p>\n\n<\/div><\/div>","s3_url":""},"_links":{"self":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/96267","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\/407"}],"replies":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/comments?post=96267"}],"version-history":[{"count":13,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/96267\/revisions"}],"predecessor-version":[{"id":213095,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/96267\/revisions\/213095"}],"up":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/1936"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=96267"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=96267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}