0729 - Applying a discount to the Revenue Recovery Charge at Storage Points

Last updated: 
9 August, 2023
Proposer
Benoit Enault, Storengy UK Ltd
Modification type
Self-Governance
Status:
Implemented
 30/07/2021
Implementation date
Impact:
High impact: National Transmission System

The revised NTS Charging Methodology (in place from 01 October 2020) includes a discount for capacity purchased at storage sites of 50%, however, no such discount is applied to the application of the Revenue Recovery Charge (RRC). This Modification seeks to reflect the Storage Discount in a discount to the RRC rate to be applied to capacity held at storage sites. It is proposed that this change is introduced on 01 October 2020 or as soon as possible thereafter.

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Timeline

Raised
Yes
12/08/2020
Status

Date raised

Panel Assessment
Yes
16/07/2020
Status
Modification considered by Panel
Workgroup Report Due
Yes
04/08/2020
Status

Initial consideration by Workgroup


Consultation
Completed
21/08/2020
11/09/2020
Consultation - Final Modification Report
Yes
15/09/2020
Status

Final Modification Report available for Panel (at short notice)


Panel Decision
Yes
17/09/2020
Status

Modification Panel decision

Implementation
Completed
01/10/2021