Performance Assurance Processes

Each year, the BSC Panel and the Performance Assurance Board (PAB) deploy the Performance Assurance Framework (PAF) to manage Settlement Risks.

Performance Assurance Techniques are applied to Performance Assurance Parties (PAPs) based on the Settlement Risks that they pose.

To do this, the BSC Panel and the PAB identify, evaluate and prioritise the risks that may occur within Settlement and the extent to which they apply to each PAP.

The BSC Panel and the PAB produce a suite of documents in consultation with the industry to aid this process including:

• Risk Evaluation Methodology (REM)
• Risk Evaluation Register (RER)
• Risk Operating Plan (ROP)
• Risk Management Plans (RMPs)
• Annual Performance Assurance Report (APAR)

Annual Performance Assurance Timetable

The Annual Performance Assurance Timetable (APAT) has been approved by the PAB and sets out the timeline for the creation of documents for the relevant Performance Assurance Operating Period (PAOP).

•  APAT - PAOP 5 (1 April 2012 to 31 March 2013)
•  APAT - PAOP 6 (1 April 2013 to 31 March 2014)

Performance Assurance Parties

A Performance Assurance Party is a Supplier, Meter Operator Agent, Data Collector, Data Aggregator, Meter Administrator, Licensed Distribution System Operator and/ or a Registrant.

Are you a Performance Assurance Party?

Do we have the right contact details for you? Please help us maintain our records by emailing paa@elexon.co.uk and tell us the key people in your organisation we can speak with about Performance Assurance.

Performance Assurance Documents

These documents are produced and maintained by the PAB.

Risk Evaluation Methodology (REM)

The Risk Evaluation Methodology describes how the PAB:

• Identifies Settlement Risks;
• Evaluates Settlement Risks; and
• Assesses the materiality of Settlement Risks

Risk Evaluation Register (RER)

The Risk Evaluation Register (RER) sets out the Settlement Risks identified and evaluated by the Performance Assurance Board (PAB) in accordance with the Risk Evaluation Methodology (REM). Settlement Risks relating to Supplier Volume Allocation, Central Volume Allocation and Central Systems processes fall under the scope of the RER. The RER Appendix for the relevant PAOP detail the significance of each Settlement Risk.

Risk Operating Plan (ROP)

The ROP sets out how the PAB will manage Settlement Risks by:

• establishing which Performance Assurance Technique(s)  to use for each Risk; and
• detailing estimated costs required to implement the technique(s).

The PAF Techniques deployed against the Settlement Risks for the relevant PAOP are detailed in the ROP Appendix. 

The  PAF Techniques Guiding Principles Document details the key principles of the PAF techniques and how they are applied against the ROP.

Risk Management Plans (RMPs)

 Risk Management Plans document the Settlement Risks and the Performance Assurance Techniques relevant to each Performance Assurance Party (PAP). To help manage Settlement Risks within your organisation, we can produce plans for combinations of PAPs which are owned by a company group. These groupings of PAPs constitute Material Business Units (MBUs). Please let us know how you want your RMPs to be structured by emailing paa@elexon.co.uk. They are confidential and are only available to the party to which the plan relates.

Annual Performance Assurance Report (APAR)

The Annual Performance Assurance Report can be found on the Performance Assurance Reports page.