Chapter 5: Evolving the BSC for the Future Energy Market

Question 1

What is Modification Proposal P379?

Answer 1

allows the amount of energy a consumer buys or sells to be accounted for separately on the same meter

Question 2

What are the 3 parts to the Elexon Digitized platform?

Answer 2

1. Settlement
2. Insight
3. Customer

Question 3

Whats Modification Proposal P398?

Answer 3

All data is assumed public unless the BSC panels has deemed otherwise

Question 4

What is an independent Aggregator?

Answer 4

Someone who acts on behalf of the consumer to make sure they are paid by the supplier when they reduce their energy consumption.

Question 5

What is wider access?

Answer 5

Elexon has opened up their Balancing Market place to aggregators now
** Before wider access Aggregators needed to be affiliated with a licensed energy supplier

Question 6

What are aggregates known as in the BSC?

Answer 6

Virtual Lead Parties (VLP)

Question 7

What is TERRE?

Answer 7

A pan European market for trading reserve energy

• UK cannot participate directly on EU platforms
• • countries are set to join throughout 2021-2022

Question 8

How does a VLP gain wider access?

Answer 8

1. Sign up to the BSC as a VLP
2. Control at least 1MW of capacity
   
   • generation
   • storage
   • DSR

Question 9

What are the minimum requirements to join project TERRE?

Answer 9

1. 1MW flexible capacity

2. Minimum 30 min response time