Ofgem has granted urgent status to a proposed code modification that would put a temporary cap on balancing charges over the first three months of 2022 to relieve financial pressure on electricity suppliers and consumers. The modification to the Connection and Use of System Code would limit Balancing Services Use of System (BSUoS) charges to £10/MWh between 1 January and 31 March 2022 and defer the additional costs until the 2022/23 charging year.
Ofgem fast-tracks proposal for cap on balancing charges
