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Issue 505 | P323

Issue 505 | P323

Josephine Lord Josephine Lord Consultant

New modification proposalP323 Enabling Inclusion and Treatment of SBR in the Imbalance Price 15 July 2015 National Grid raised P323 on 26 June that seeks to enable the value of Supplemental Balancing Reserve (SBR) to be included in the imbalance price calculation without affecting Balancing Mechanism cashflows. The solution proposed means that the cash-out price will be set at the Value of Lost Load (VoLL), set to £3,000 as for P305 Electricity Balancing Significant Code Review Developments, but the original offer price will be used for the purposes of Balancing Mechanism cashflow. The proposal is dependent upon changes to two of National Grid&...

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