P376 Official
Before P376, energy providers were required to submit a , which is a forecast of exactly how much energy they intended to generate or consume. For large power stations, this is straightforward. However, for "Virtual Lead Parties" (VLPs) managing many small household or business assets, predicting a precise baseline is extremely difficult.
Allows specific sites within a group to be marked as "inactive" if they are experiencing abnormal behavior (like maintenance), preventing them from skewing the group's baseline data. Before P376, energy providers were required to submit
If the FPN was inaccurate, these providers could face financial penalties for "non-delivery," even if they successfully delivered the requested energy service. The Solution: Decoupling Dispatch and Settlement Allows specific sites within a group to be
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 This looks at a site’s historical behavior to