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Market research & Insight

Issue 432 | P305

Issue 432 | P305

Josephine Lord Josephine Lord Consultant

Impact Assessment ConsultationP305 Electricity Balancing Significant Code Review Developments 12 September 2014 The impact assessment consultation for P305 Electricity Balancing Significant Code Review Developments was issued on 5 September. 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. P305 proposes to implement the remaining elements of the package proposed by the regulator. This includes: lowering PAR by two stages ...

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