At the beginning of March, Elexon announced a “ground-breaking” code modification that will allow individual asset meters to be used for settlement purposes. This further opens up the Balancing Mechanism for smaller participants, enabling demand side flexibility assets to play an increasing role in the market. But how can distributed assets play in the BM, and what will those changes mean for the BM in the future? Discussion points for this Current Briefing included:
- What is the P375 modification and why was it made?
- What changes will need to be made by Elexon to the BSC Central Systems to enable the modification?
- How is it likely to change the makeup and competition in the Balancing Mechanism?
In the first of Current±’s webinar series, Elexon’s metering manager Iain Nicoll answered these key questions.
In the Current± Briefings session, Nicoll highlighted the importance of allowing individual asset meters to be used for settlement purposes, and the challenges of implementing such a modification.
