Article 6(4) of the Clean Energy Package (CEP) obliges TSOs to settle balancing energy (utilisation) on a pay-as-clear (PAC) basis for standard and specific balancing products. Currently all balancing products in GB use a pay-as-bid (PAB) settlement for balancing energy.
Prior to the UK's exit from the European Union, Acer had approved a European Pricing Proposal (EPP) that outlined when and how PAC would be applicable. The ESO have developed a draft Pricing Proposal (PP) that is specific to the GB market, negating the need for multiple derogations.
We have been working closely with industry to develop this proposal and are now seeking your views before we formally consult.
We held a Webinar in September, and getting your feedback was extremely useful. We now want to share the document with you in full via a page turn webinar. This webinar will be followed by a consultation later in the month. The Webinar will also have a Q&A for any questions you may have.
Meeting materials will be sent out prior to the meeting.
