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Market research & Insight

Issue 451 | P316

Issue 451 | P316

Josephine Lord Josephine Lord Consultant

New modification proposalP316 Introduction of a Single Marginal Cash-out Price 14 November 2014 This proposal was raised by RWE npower on 4 November and seeks to introduce a single imbalance price and to reduce the Price Average Reference (PAR) volume and the Replacement PAR volume to 1MWh, to be implemented ahead of winter 2015-16. The proposal has been raised in the context of previous BSC proposals to implement the outcome of Ofgem’s Electricity Balancing Significant Code Review, particularly P305 that also seeks to introduce a single imbalance price and reduce PAR but would also implement a reserve pricing function and the ...

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