P511 Balancing and Settlement Code (BSC) urgency decision
- Publication type:
- Code modification
- Publication date:
- Topic:
- Energy codes,
- Electricity generation
- Subtopic:
- Balancing and settlement code (BSC),
- Wholesale markets
Outcome of request for an urgent review of proposed changes to Balancing and Settlement Code P511 Eligibility Boundaries for Generation Participation in P415.
Details of outcome
We have decided to grant urgency for Balancing and Settlement Code (BSC) modification proposal P511.
Code modification description
P511 was raised by Axle Energy on 18 March 2026. P511 proposes introducing a trading eligibility threshold, above which, generation assets would be ineligible to participate in the wholesale market via Virtual Trading Parties.
At the Special BSC Panel on 18 March, Axle Energy requested urgency in light of information showing that there has been a recent increase in the volume and cost of the P415 mutualised compensation fund. Related code modifications P509 and P510 also requested urgency on similar grounds.
The BSC Panel unanimously agreed to recommend to Ofgem that P511 should be progressed as an urgent modification proposal.
We have considered P511 alongside the related urgency requests for P509 and P510. We have decided to grant the request for urgency for P511. This letter sets out our reasoning.