Balancing Market Principles Code of Practice - Residual Risk Information Note

30 January 2018

The Bidding Code of Practice (BCOP), which is in effect in the SEM, is due to be replaced by the Balancing Market Principles Code of Practice (BMPCOP), in the I-SEM. The BMPCOP applies only to commercial offer data submitted to the balancing market in the form of complex three part bid offer data.  The BMPCOP makes provision for the inclusion of a residual risk figure within start-up costs, if certain conditions are met and the RAs have approved the inclusion of such costs. This information note requests that applicants submit their residual risk figures by no later than Thursday 1st March 2018, if they wish to include these costs within their bids, at I-SEM go-live.