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Issue 409 | P305

Issue 409 | P305

Josephine Lord Josephine Lord Consultant

New modification proposalP305 Electricity Balancing Significant Code Review Developments 17 June 2014 This proposal is one of two raised by National Grid on 30 May to progress the outcomes of the Electricity Balancing Significant Code Review (EBSCR) following a direction from Ofgem. P304 proposes to lower the Price Average Reference (PAR) in the cash-out price as a standalone change to be implemented ahead of this winter; we have issued a separate Alert (also dated 17/06/14) on this. P305 proposes to implement the remaining elements of the package proposed by the regulator. This includes: lowering PAR by two stages to 1MWh; introducing a single imbalance ...

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