Ofgem approves new settlement arrangements for aggregators

Ofgem has approved a modification to the Balancing and Settlement Code (BSC) to bring in new settlement arrangements for virtual lead parties to ensure they are correctly compensated for delivering balancing services. P376 will introduce a new optional process for establishing the baseline level of generation or demand at a site which can then be used to calculate the amount of deviation delivered by a virtual lead party when instructed to change its output by National Grid Electricity System Operator.

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