Advanced search
Home > About the BSC > Market Compliance > Performance Assurance
The Performance Assurance Framework (PAF) is in place to provide assurance that:
The Performance Assurance Board (PAB) uses the Performance Assurance processes to identify and evaluate Settlement Risks before deploying Performance Assurance Techniques to Suppliers, Supplier Agents and Licensed Distribution System Operators (LDSOs). We call these companies Performance Assurance Parties (PAPs).
Performance Assurance Processes
Info on the Risk Evaluation Methodology (REM), Risk Evaluation Register (RER), Risk Operating Plan (ROP), Risk Management Plans (RMPs), and Annual Performance Assurance Report (APAR).
Performance Assurance Techniques
How the set of preventive, detective, incentive and remedial assurance techniques are used flexibly to address Settlement Risks.
Performance Assurance Reports
Various reports which provide feedback on the Performance Assurance Techniques and feed into the Annual Performance Assurance Report (APAR).
Performance Assurance Queries and Appeals
If you disagree with part of your Risk Management Plan (RMP) you can raise a query to the Performance Assurance Board (PAB).
Diagram
The diagram above explains the annual cycle of Performance Assurance which starts with a methodology for identifying Settlement Risks. We evaluate and set out how to manage these Settlement Risks through the Risk Evaluation Register, Risk Operating Plan and individual Risk Management Plans before deploying the techniques and reporting the results in the Annual Performance Assurance Report.
The annual cycles are referred to as Performance Assurance Operating Periods (PAOPs). The timetable for each PAOP is in an Annual Performance Assurance Timetable (APAT).
Also in Market Compliance
Audits Error and Failure Resolution Material Error Monitoring Peer Comparison PARMS Supplier Charges SVA Removal of Qualification Bulk Change of NHH Agent
Related Content
Performance Assurance Board (PAB) Types of Performance Assurance Techniques Settlement Risk Evaluation in the Performance Assurance Framework Criteria for determining Business Unit Settlement Risk Ratings (BUSRRs)
Contact
Zaahir GhantyMarket Compliance Analyst020 7380 4362zaahir.ghanty@elexon.co.uk