Chapter 6 / 7 / 8 Flashcards
Where is imbalance pricing data published?
Balancing Mechanism Reporting Service (BMRS)
Who publishes imbalance pricing data?
Balancing Mechanism Reporting Agent (BMRA)
The BMRS is available in two versions?
- High Grade Service - Live Updates
2. Low Grade Service - Need to refresh to see updates
What data is available on the BMRS? (12)
- FPNs
- Bid/Offer Pairs
- BOAs
- TERRE Instructions
- TERRE auction results
- BSAD
- Market Price
- DeRated Margin
- LoLP
- Reserve Scarcity Price
- NIV
- SBP/SSP
Settlement Run information is reported by who?
Settlement Administration Agent
What are the Settlement reports labelled as?
- SAA-I014 sub-flow 1 - Parties version
- SAA-I014 sub-flow 2 - SO version
- SAA-I014 sub-flow 3 - BSCCo (ELEXON) version
The SAA-I014 contains what info? (6)
- Party imbalance charges
- Bid/Offer Pairs
- BOAs
- BSAD
- Market Price
- NIV
What does “Applicable Balancing Services Volume Data” pertain to?
These are volume adjustments to BM units that are instructed by the SO to provide automatic frequency response.
What is the “De-Rated Margin”?
A measure of the excess supply on the system (which has been adjusted to take account of the likely availability of a plant)
What is the “Energy Contract Volume Aggregation Agent’?
The BSC system responsible for aggregating ECVNs
What is the “Energy Contract Volume Notification (ECVN)”?
A notification of a bilateral contract between parties (Submitted before settlement period
What is the “Individual Liquidity Threshold (ILT)”?
The ILT sets a minimum requirement for the volume of trades in a given Settlement Period for each MIDP (25MWh)
What is the “Largest Loss Reserve”?
Represents the margin the SO will always hold to protect against the instantaneous loss of the prevailing largest infeed into the system
What is the “Market Index Price (MIP)”?
The price derived by each MIDP
What is the “Market Index Volume (MIV)”?
The volume derived by the MIDP
