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EBCC Update SCR impacts

EBCC Update SCR impacts. Mark Cockayne 4 th November 2013. EBCC Update. EBCC has initiated work to look in more detail at the impacts of Ofgems SCR on its ability to operate should Emergency arrangements be invoked The committee has focused its work in four key areas: Operation of Processes

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EBCC Update SCR impacts

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  1. EBCC Update SCR impacts Mark Cockayne 4th November 2013

  2. EBCC Update • EBCC has initiated work to look in more detail at the impacts of Ofgems SCR on its ability to operate should Emergency arrangements be invoked • The committee has focused its work in four key areas: • Operation of Processes • Priority of Scoring for EBCC meetings • EBCC’s Operation • Relaxion of current arrangements / Business rules

  3. Reporting to ofgem/EBCC special arrangements Availability of CEO due to increased values Delegated Authority levels Review current rules Review sign off of credit payments Suspension of all services System access Delegation of Authority Operating Process Shipper information Emergency MOD MOD 233? Contact list Resource Cost Banking Services Temporary shared area Succession + capability Daylight Limit Skill set Exclude EBI availability Box account for communication NGD Daily limits Availability Operating limits Suspension of holidays WLB of key staff

  4. Ability to pay Communication interaction commercial intelligence reporting FSRs number of cash calls over previous period Level of helpfulness Payment trends Priority of Scoring For EBCC meetings Portfolio growth Over or under delivery trends Downgrade risk factor risk Party underwriting D + B S + P How they act in market Security arrangements Moody’s

  5. Establish who from Xoserve required National Grid input Minutes Review timing Conflict of interest Recording INCIDENT ROOM Checklists EBCC Operation Resources Ofgem’s role Quoracy Consider membership ofgem/another party Chair Availability Communication Priorities on order Of discussion Gemserve members appointment Agree Adhoc appointment process Factors

  6. Existing rules apply- due to arrangements drafting + under UK termination process S.1.7. No changes proposed. Market Operator Cash collection Consider suspension for a period beyond invoices issued and paid timing for convention of meeting EBCC Meetings Relaxing current arrangements Business rules FSR Security Cash calls Appeal Process Resource issues Extend time? Aggregate exposure Still issue Reduce or suspend appeal notice Payment terms extend ? Accepting LOC from lower rated organisations Agree with EBCC members no validation No appeal criteria Validate cash call suite % of exposure underwriting Manually update letters/notices as we do currently System solution for manual adjustment Timing extend?- 4pm – end of gas day Faxes? Scan, email or file interface Process going forward Suspending/ excluding peak SAP calc Communication of delivery Cost of funding change

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