Ofgem kills P212 (market-based settlement prices)

Ofgem decision (3 pages, PDF) to reject P212, the proposal to use pre-event bilateral market prices plus/minus a fixed percentage as the post-event charges for settlement of wholesale electricity in Great Britain.

Ofgem's reasons for rejecting this proposal seem to boil down to:

Ofgem ran its own consultation in December 2007.

For further information or advice please contact Franck Latrémolière.

Filed under BETTA, Electricity, Ofgem.

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