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P217 Modification Proposal Size 48.39 KB Document Date 19/10/2007 Download.pdf

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Preview of P217 Modification Proposal Size 48.39 KB Document Date 19/10/2007 Download

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📊 Size: 48 KB

👤 Author: ELEXON

⬇️ Downloads: 201

Summary

A revised tagging process is proposed for the Balancing and Settlement Code (BSC) to differentiate between "system" and "energy" actions when calculating cash out prices. The process would tag bid/offer acceptances and forward trades as "system", "energy plus system", or "energy only" based on the primary reason for the action. "System" actions would be included as un-priced volumes, while "energy" and "energy plus system" actions would be included as priced volumes. The goal is to ensure cash out prices reflect the cost of resolving energy imbalances in real-time, providing open and transparent understanding of System Operator (SO) actions and increasing confidence in the market.

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Description

A revised tagging process is proposed for the Balancing and Settlement Code (BSC) to differentiate between "system" and "energy" actions when calculating cash...

Technical Information

File Format: PDF
File Size: 48 KB
Pages: 4
Language: EN
Author: ELEXON
Total Downloads: 201
Last Updated: 1 month ago

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