P376 [2026]
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
While the energy modification is the most prominent "P376," the term may appear in other niche contexts: P376 ‘Utilising a Baselining Methodology to set Physical
Implements standardized algorithms (like the BL01 methodology) that account for differences between working days and weekends.
P376 ‘Utilising a Baselining Methodology to set Physical ... - Elexon