Understanding P376: The Shift to Baselining in Energy Settlement Introduction
Instead of using that potentially inaccurate FPN, Elexon now uses a Baselining Methodology . This looks at a site’s historical behavior to calculate what its energy flow would have been without the intervention, ensuring more accurate compensation. Key Features of P376 Understanding P376: The Shift to Baselining in Energy
P376 solves this by "decoupling" the data used for grid instructions from the data used for payment. , formally titled "Utilising a Baselining Methodology to
, formally titled "Utilising a Baselining Methodology to set Physical Notifications," is a modification to the UK's Balancing and Settlement Code (BSC) . Approved by Ofgem and managed by Elexon , it aims to level the playing field for smaller, flexible energy providers—such as demand-side response aggregators—participating in the Balancing Market. The Problem: The "Physical Notification" Barrier Understanding P376: The Shift to Baselining in Energy