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Issue 738 | P360

Issue 738 | P360

Tom Edwards Tom Edwards Senior Consultant

P360 Making the BSC’s Imbalance Price Compliant with the European Balancing Guideline 11 September 2017 Headline assessment 1 Assessment & recommendation Current Balancing and Settlement Code (BSC) imbalance price calculations are not compliant with the binding requirements on Imbalance Price contained in Article 55[1] of the European Balancing Guidelines (EB GL). This modification will modify the GB imbalance price calculations so they are compliant with the EB GL, compliance is expected to be required by the end of 2018. The BSC requires new parameters and procedures such as: The value of avoided activation of balancing energy from frequency restoration reserves or replacement reserves ...

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