P510: Fifth Workgroup Meeting Held as Scheduled, Assessment Report Deadline of 11 February 2027 Reaffirmed

Elexon's P510 modification page (published 22 September 2026) confirms that the fifth Workgroup meeting took place as scheduled on 22 September 2026, completing all five previously planned sessions (19 May, 22 June, 12 August, 3 September and 22 September 2026). No further Workgroup meetings have been added to the timetable, and the target date for presenting the Assessment Report to the BSC Panel remains unchanged at 11 February 2027.

Completion of the fifth Workgroup meeting without slippage in the Assessment Report deadline confirms that Elexon's extended Assessment Procedure timeline, agreed by the BSC Panel on 9 July 2026, remains on track. This sustains momentum toward a decision on replacing the mutualised VTP compensation mechanism with a direct, bidirectional model, which will determine settlement treatment, gaming-risk mitigation and the competitive balance between Supplier-affiliated and independent VTPs in the GB Wholesale Market ahead of the February 2027 report to the Panel.

The fact that the fifth Workgroup session was held on the originally scheduled date, with no sixth meeting yet added and no movement in the 11 February 2027 Assessment Report deadline, suggests the Workgroup has been able to converge its deliberations within the extended timetable rather than requiring further extension. This is consistent with incremental refinement of the direct-compensation proposal continuing on schedule, though it remains to be seen whether the forthcoming Assessment Report will reflect full consensus or flag residual disagreement among Supplier-VTPs and independent aggregators on settlement and gaming-risk provisions.

Balancing and Settlement Code (BSC)

Present Assessment Report to Panel · 11 Feb 2027

Primary sources