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Market research & Insight

Issue 4 - Q2 2018

Steven Britton Steven Britton Senior Analyst

1 Headlines 1.1 Revenue developments In Q2 2018, the main issues that could affect your revenue are: Changes to the Capacity Market parameters – The Secretary of State has confirmed the amount of capacity to secure through the T-1 and T-4 Capacity Market (CM) auctions for delivery in 2019-20 (4.6GW) and 2022-23 (46.3GW). Alongside these, National Grid (NG) also published its CM Auction Guidelines for the two delivery years, and Ofgem is progressing 32 changes to the Rules following consultation in March The High Court’s rejection of CMP264/265 appeal - The High Court dismissed the appeal for judicial review brought by eight companies against Ofgem’s approval of a variant of CMP264/265, which has substantially reduced the level of one of the primary embedded benefits Ofgem’s approval of P354 - The regulator approved P354 Use of ABSVD for Non-BM Balancing Services at the Metered (MPAN) Level, which prevents providers of balancing services not delivered through the Balancing Mechanism (BM) receiving payments for “spill” volumes in addition to revenue for providing the services to the Electricity System Operator (ESO). The rule change will be implemented from 1 April 2020 The development of Project TERRE – Work to implement Project TERRE has continued with the raising of three CUSC modifications to introduce the concept of the Virtual Lead Party (VLP). Also, Ofgem approved granted Limejump Energy a derogation letting it submit data at the Grid Supply Point Group level when participating in the BM 1.2 Cost developments In Q2 2018, the main issues ...

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