Ofgem decision on P304 and P314 - Reduction in PAR from 500MWh to 250MWh, and Reduction in PAR from 500MWh to 350MWh
Decision
Publication date
Industry sector
Generation and Wholesale Market
P304 sought to reduce the Price Average Reverence volume (PAR) in the imbalance price calculation from 500MWh to 250MWh for implementation on 31 October 2014. P314, raised in response to P304, sought to reduce PAR from 500MWh to 350MWh, with a later implementation date of 2 January 2015.
The Authority rejected both these modifications on 28 October 2014.