Ofgem's electricity cash out review workshop
Brief minutes (2 pages, PDF) of an industry workshop help by Ofgem on 30 March 2007 on ideas for changes to imbalance charging arrangements under the Balancing and Settlement Code. Two models were discussed (see slide 9 of this 17-slide PDF):
- Model 1: replacing the imbalance prices with a market price plus or minus a set percentage margin.
- Model 2: using an ex post unconstrained stack for the "tagging" of bids and offers.
See also the papers commissioned by Ofgem on electricity cash-out, EDF presentation on ex post unconstrained stack (10 slides, PDF) and National Grid presentation (15 slides, PDF).
A further industry meeting is planned for early June 2007, by which time Ofgem expects parties to have raised proposals for modifications to the Balancing and Settlement Code.
For further information or advice please contact Franck Latrémolière.
Filed under BETTA, Electricity, Ofgem.
