BSC Changes impacting a Non-Physical Trader
This page shows which Modifications and Change Proposals have been identified as impacting a Non-Physical Trader. Please note that the assessment of where impacts may affect certain roles within the electricity market may be amended during the course of the Change process.
P405 Allow notices via email where currently prohibited
P405 will allow notices that the BSC currently requires to be sent by post or fax to be sent by email.
P417 Move the Letter of Credit templates and Approved Insurance Product requirements to the BSC Website
P413 Market-wide Half Hourly Settlement Programme Manager
P424 Re-insert correct definition of Settlement Error
P416 Introducing a route of appeal for the Annual Budget in line with the proposals for the Retail Energy Code
P416 seeks to amend the BSC to include an appeals mechanism that BSC Parties could use to challenge items in the Annual Budget.
P410 Changing imbalance price calculations to comply with the Imbalance Settlement Harmonisation regulations
P410 sought to introduce changes to the imbalance price calculations to ensure BSC compliance with the European Imbalance Settlement Harmonisation regulations.
P438 Amending the BSC to address sanction orders
This Modification would allow Elexon to seamlessly give effect to sanctions orders.
P445 Improving efficiency of Default Funding Share process and Energy Supply Company Administration
This Modification seeks to allow the Funds Administration Agent (FAA) to process a Default Funding Share for unpaid Trading Charges earlier to reduce the cost of the borrowing facility and reduce the risk of shortfall. The Modification will also allow the Panel to instruct the FAA to release Trading Charges where the default relates to an Energy Supply Company Administration (ESCA).
P448 Mitigating Gas Supply Emergency Risks
The war in Ukraine and resultant gas shortages in Europe significantly increases the risk of Generators in GB being prevented from generating this winter (due to Firm Load Shedding during a Gas Supply Emergency). If that happens Generators are likely to incur massive Imbalance Charges and credit cover requirements, potentially causing them to become insolvent. Even if such an Emergency does not occur, the risk that it could occur is likely to force Generators to reduce their forward and Day Ahead trading, reducing liquidity in electricity markets, and raising costs for electricity consumers.
P426 Combining related BSC Parties’ Energy Indebtedness positions for the Credit Cover Percentage calculation
This Modification proposes to remove inefficiencies with the Credit Cover calculation by allowing related BSC Parties to combine their Energy Indebtedness prior to calculating the Credit Cover Percentage.