ELEXON consultations on electricity cash out review

Industry consultation (33 pages, PDF) on the P212 proposal to set electricity wholesale settlement cash-out prices on the basis of market prices rather than balancing mechanism actions and BSAD data from National Grid.

A nearly simultaneous consultation (42 pages, PDF) takes place on the P211 proposal to continue with the use of balancing mechanism and BSAD data but using an ex post unconstrained schedule calculation instead of the current tagging rules.

The current majority view of the industry panel is against both proposals. Ofgem is the decision maker on such proposals and is not bound to follow a majority view, but if Ofgem takes a decision against a majority view then an appeal to a Competition Commission three-member tribunal can be raised against Ofgem's decision.

Responses by noon on Tuesday 28 August 2007 (P211) or 5 pm on Wednesday 29 August 2007 (P212).

For further information or advice please contact Franck Latrémolière.

Filed under BETTA, Electricity.

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