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Market research & Insight

Issue 464 | P305 & P316

Issue 464 | P305 & P316

Tom Edwards Tom Edwards Senior Consultant

Assessment consultationP305 Electricity Balancing Significant Code Review DevelopmentsP316 Introduction of a Single Marginal Cash-out Price 20 January 2015 The assessment consultation for P305 and P316 were issued together on 16 January. The consultation is seeking views on the modifications raised by National Grid and RWE Npower respectively to implement the conclusions of Ofgem’s Electricity Balancing Significant Code Review (EBSCR). The workgroup has generated a significant volume of analysis and discussion surrounding these important changes. This is especially true in the areas of Value of Lost Load pricing for demand disconnection and the Reserve Scarcity Pricing function. All of these changes could ...

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