Chapter 3: Understanding Other Aspects of the BSC

Question 1

What is credit cover?

Answer 1

The collateral that is lodged by BSC to cover payments needed due to settlements

Question 2

Who pays if a BSC party defaults on its payment?

Answer 2

The rest of the BSC parties are forced to pay proportionally

Question 3

What are three types of credit cover?

Answer 3

1. Cash deposit with Elexon
2. Letter of credit
3. Approved insurance product

*It is recommended a month of settlements be put up as credit cover, though there is no official amount

Question 4

How long is the billing time frame?

Answer 4

29 Days after settlement date

* This may not apply to NHH users as there is not enough data to accurately charge them

Question 5

How does the BSC change?

Answer 5

Via its Change process, which can change:

• Itself
• It’s systems
• the Code Subsidiary Documents (CSDs)

Question 6

What are CSDs?

Answer 6

Code Subsidiary Documents

- Provide additional detail on the obligations in the code

Question 7

What are BSC Procedures?

Answer 7

Define the relationships, timescales, and interactions between participants, also specify the input and outputs of what should be exchanged and by what method

Question 8

How are change proposals passed?

Answer 8

Voted on by Independent BSC Panel

Question 9

What are the 3 types of change proposals?

Answer 9

1. Modification (changes legal text)
2. Change Proposal
3. Issue

Question 10

What is required when submitting a Modification?

Answer 10

A Standard Modification Template

Question 11

How can non-BSC parties raise issues?

Answer 11

1. Encourage a BSC party member to raise the issue

2. Apply as a third party and raise the issue

Question 12

What makes sure all data is submitted accurately?

Answer 12

Performance Assurance Framework

- requires suppliers and supplier agents to exchange data efficiently

Question 13

What is the PAB?

Answer 13

The Performance Assurance Board

- A sub-committee of the BSC Panel, their role is to oversee the PAF

Question 14

What are PATs?

Answer 14

Performance Assurance Techniques used to identify risks in the annual performance activities cycle

Question 15

What are the 4 PAT Categories?

Answer 15

1. Incentive
2. Preventative
3. Remedial
4. Detective

Question 16

What are the 4 performance documents?

Answer 16

1. Annual performance assurance report
2. Risk evaluation methodology
3. Risk evaluation register (lists found risks)
4. Risk operating plan (how PAB is prioritizing risks)

Question 17

What are 3 ways Elexon provides data?

Answer 17

1. Elexon website
2. Balancing Mechanism Reporting Service (BMRS)
   
   • has an API
   • is used as the Inside Information Platform to comply with EU regulation on Energy Market Integrity and Transparency (REMIT)
3. Elexon BSC Party Portal