Migration of BMRS data to the Insights Solution through 2022/23
Greater automation
We launched the first iteration of the Insights Solution in October 2021 - generation fuel type outturn and availability data from National Grid ESO (NGESO). Throughout 2022/23 we will work to migrate all remaining data provision from BMRS to the new solution. The next milestone is making demand and wind forecast data available in May 2022. Once all BMRS data has been fully migrated, BMRS will be decommissioned in 2023.
As mentioned in the Overview, we have introduced a new alternative review process for the CAP. It will be used temporarily in volatile market conditions to give more flexibility to the Credit Committee to increase or decrease the CAP more quickly using a wider range of data sources.
Continuing to provide expert analysis on market developments
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Elexon
Using our expert resources, we monitor the energy markets to consider what is of importance to Parties, and to benefit the electricity market. We will continue to analyse developments, and offer our insights through our BSC Insight articles. We will continue to accompany these articles with podcasts.
The alternative method makes use of online consultation forms to provide participants with more flexibility when responding, and the option for their comments to be made anonymously. During 2022/23, we will continue to review how we can automate and improve our services for BSC Parties, beginning with reviewing the Market Index Definition Statement (MIDS) process which will automate the way we review the ‘reverse’ Energy Imbalance Price. Greater automation can further speed up our processes and make it easier for our customers to respond to us.
