Chapter 2: Deeper Into the Current and Future Energy Markets Flashcards
1
Q
What does Elexon do?
A
Works out the imbalance price via costs incurred by NGESO while balancing the grid
2
Q
How are settlement periods paid?
A
Via a settlement run
3
Q
How many settlement runs are there and what are the dates between successive runs?
A
0 - Interm Info run (1 week, only info) 1 - Initial Settlement Run (SF) - 1 Month 2 - Reconciliation Run (R1) - 2 Months 3 - Reconciliation Run (R2) - 5 Months 4 - Reconciliation Run (R3) - 7 Months 5 - Final Run (RF) - 14 Months 6 - Dispute Final (DF) - 28 Months
- Larger customers have HH meters and can be done sooner
- Domestic customers tend to have NHH meters, and will need more data for an accurate picture
4
Q
What are codes of Practice?
A
Rules that apply to all metering systems
5
Q
What requirement must all HH meters follow?
A
They should all be able to provide info which can be collected and validated by:
- Half Hourly Data Collector (HHDC) - Centeral Data Collection Agency (CDCA)
6
Q
Who are the HHDC?
A
Work on behalf of the supplier to retrieve, validate and process meter readings
7
Q
Who are the CDCA?
A
Collect readings from larger sites that tend to be connected to the grid directly (Generators, etc)
8
Q
Who is responsible for collecting NHH data?
A
Supplier
