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Issue 434 | P314

Issue 434 | P314

Josephine Lord Josephine Lord Consultant

Assessment procedure consultationP314 Reduction in PAR from 500MWh to 350MWh 22 September 2014 The assessment procedure consultation for this proposal, which was raised by First Utility, was issued on 16 September following the granting of urgent status by Ofgem. P314 will now follow the same timetable as P304 Reduction in PAR from 500MWh to 250MWh. Both proposals have been raised following the conclusion of the Electricity Balancing Significant Code Review (EBSCR); P304 by National Grid specifically under direction from Ofgem. P314 would amend the main energy imbalance price calculation by reducing the Price Average Reference (PAR) volume from 500MWh to 350MWh with an ...

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