Approval of a change which will enable individual asset meters located ‘behind the boundary point’ to be used for settlement purposes has been hailed as a ground-breaking move for the energy system.
Ofgem has given approval to modification P375 to the Balancing and Settlement Code (BSC) which will allow individual asset meters located ‘behind the boundary point’ to be used for Settlement purposes.
Such meters can record electricity flows to or from assets including those owned by embedded generators, demand-side response (DSR) providers, or owners of electric vehicle charging points.
Elexon, which manages the BSC, described the move as a “ground-breaking change” to support net zero.
Currently data from meters behind the boundary point is not recognised in settlement as only data on electricity flows from the boundary point - at which complex, multi-use sites connect to a distribution network - can be used.
Mark Bygraves, Elexon’s Chief Executive, said: “Currently we do not have much visibility of the actions of smaller asset owners such as storage, and renewable generation at multi-use sites. The introduction of P375 to the BSC Settlement arrangements will change that, as fitting individual Asset Meters to these units will provide detailed information on their activity."
“It is good news that Ofgem has approved this ground-breaking change as we believe it is an important step forward for the energy transition and progress to net zero. Recognising the role smaller assets can play in keeping the system in balance can improve the business case for building such assets, and give further support to innovators.”