Electricity Market

Mandatory Half-Hourly Settlement for Profile Classes 5-8

By 1st April 2017, all non-domestic consumers with meter Profile Classes 5-8 will be required to have half-hourly metering. This is due to the, ‘Balancing and Settlement Code Modification P272: Mandatory Half-Hourly Settlement for Profile Classes 5-8’. What is the Balancing and Settlement Code? The Balancing and Settlement Code (BSC) was introduced as part of… Read more »

Dungeness-B Keeps Energy Prices in Check

The scheduled return of the Dungeness-B nuclear reactor kept power prices suppressed in the face of early gains in their gas counterparts. System tightness caused by reduced gas flows was also partly offset in the wholesale power market thanks to consistent wind output and improved forecasts. Day Ahead was able to trade flat from Friday’s… Read more »

UK’s Drax power warns against electricity balancing reform delay

Inspired Energy PLCs’ Nick Campbell has today been commenting on the concerns of holding off on a balancing code reform. The reform, known as CMP201, will transfer the balancing services use of system (BSUoS) bill for balancing charges to the supplier to replace the existing charge, which is split 50:50 between supplier and generator. It… Read more »