{"id":106872,"date":"2018-10-26T12:43:45","date_gmt":"2018-10-26T11:43:45","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?post_type=smg-issue&#038;p=106872"},"modified":"2019-05-10T10:56:38","modified_gmt":"2019-05-10T09:56:38","slug":"issue-74","status":"publish","type":"smg-issue","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/smg-issue\/issue-74\/","title":{"rendered":"Issue 74"},"content":{"rendered":"","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-106872","smg-issue","type-smg-issue","status-publish","hentry"],"acf":[],"semantic_search":{"post_id":106872,"title":"Issue 74","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/smg-issue\/issue-74\/","categories":[],"tags":[],"content":"\n\n<div class=\"panel-content\">\n\t\n\t<div class=\"panel-section\">\n\t\t\t\t\t<div class=\"panel-section\">\n\t\t\t\t<div class=\"accordion\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"accordion-group\">\n\t\t\t\t\t\t\t<h2 class=\"accordion-title\" tabindex=\"0\" id=\"summary\" aria-expanded=\"false\">Summary<\/h2>\n\t\t\t\t\t\t\t<div class=\"accordion-panel\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t<div class=\"panel-inner\">\n\t\t\t\t\t\t\t\t\t<p>The Electricity System Operator (ESO) has received feedback from stakeholders that increased utilisation of non-BM STOR is causing issues on service visibility by way of reduced visibility of non-BM STOR actions. This is compared to other actions taken in the market. This is making it harder for market Parties to react to signals in relation to non-BM STOR utilisation.<\/p>\n<p>Stakeholders have also identified&#xA0; that impacts are seen in cash out. Low non-BM STOR prices mean they are often cheaper than some bids the ESO has accepted, so the actions become arbitraged (taken out of the imbalance price stack). This can have an impact on the imbalance price. There have been times when all accepted offers in a short market are arbitraged, leaving no prices with which to generate the imbalance price. Therefore the imbalance price methodology reverts to using the Market Index Price.<\/p>\n<p>The ESO requires the Issue group to look into defining potential solutions and identifying if there is a firm need to address this Issue that would have a positive market impact while taking into account the upcoming implementation of P354.<\/p>\n\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"accordion-group\">\n\t\t\t\t\t\t\t<h2 class=\"accordion-title\" tabindex=\"0\" id=\"history\" aria-expanded=\"false\">Progression<\/h2>\n\t\t\t\t\t\t\t<div class=\"accordion-panel\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t<div class=\"panel-inner\">\n\t\t\t\t\t\t\t\t\t<p>The Issue 74 Report was presented to the Panel on 9 May 2019.<\/p>\n<p>The <a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/meeting\/issue-74\/\">Second Workgroup<\/a> was held on 15 April 2019.<\/p>\n<p>The first Issue group meeting was held on 26 November 2018.<\/p>\n<p>Issue 74 was raised by National Grid ESO on 25th October 2018.&#xA0;<\/p>\n\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n<\/div>","s3_url":""},"_links":{"self":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/smg-issue\/106872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/smg-issue"}],"about":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/types\/smg-issue"}],"version-history":[{"count":0,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/smg-issue\/106872\/revisions"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=106872"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=106872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}