On 30 July 2021, we received a proposal from the Electricity System Operator (“ESO”) to make amendments to the national terms and conditions related to balancing (“T&C”) required by Article 18 of Commission Regulation (EU) 2017/2195 establishing a guideline on electricity balancing , as amended by the Electricity Network Codes and Guidelines (Markets and Trading) (Amendment) (EU Exit) Regulations 2019 (the “EBGL Regulation”). The ESO provided an updated version to the proposal, which was sent to us on 10 September 2021 following minor corrections and the inclusion of ‘looped blocks’. This proposal relates to an update to facilitate the introduction of the high frequency element to the Dynamic Containment (“DC”) product.
This letter sets out our decision to approve the proposed amendments to the provisions that form part of the T&C.