In November 2016, following the first year anniversary of the introduction of Market-Based Balancing (MBB), Gas Industry Co released Review of Market-Based Balancing (MBB Review) for stakeholder feedback. The MBB Review found that primary and secondary balancing had significantly improved, and that there was scope for further improvement.
An Analysis of Submissions on the MBB Review was prepared by Gas Industry Co following the ten stakeholder submissions received in December 2016.
The Analysis found that most submitters considered that Gas Industry Co’s approach to the MBB Review was reasonable and helpful, with some submitters suggesting further analysis was needed. As part of the next steps reflected in the MBB Submissions Analysis, Gas Industry Co requested information from retailers regarding the incremental costs of implementing MBB. In general, this showed that the costs varied considerably between shippers, but that the cost estimates used in the Cost Benefit Analysis supporting MBB were of the right order.
The Analysis of Submissions, submissions received, the MBB Review, and The costs of implementing MBB are available below under RELATED DOCUMENTS.