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Issue 538 | P323

Issue 538 | P323

Josephine Lord Josephine Lord Consultant

Ofgem decisionP323 Enabling Inclusion and Treatment of SBR in the Imbalance Price 21 October 2015 Ofgem issued its decision to approve this proposal on 15 October that will enable the value of Supplemental Balancing Reserve (SBR) to be included in the imbalance price calculation without affecting Balancing Mechanism cashflows. The solution proposed by National Grid means that the cash-out price will be set at the Value of Lost Load (VoLL), initially £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 was dependent upon changes to ...

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