Pricing Proposal webinar

When: 8 September 2021, 2pm


Service Area: Codes

Category: Events and webinars

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Pricing Proposal webinar

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. Ofgem have directed the ESO to develop a 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 were seeking views before any formal consultation.

A webinar was held on 8 September 2021. 

Watch the webinar