This decision paper follows the consultation paper, Making hours ahead price forecasts more accurate, which was published in February 2017.

The improvements will be achieved by developing our preferred option (Option A) in our February 2017 consultation paper (entitled Making hours ahead price forecasts more accurate). Our decision takes into account views from submitters. We have also published a summary of submissions on the consultation paper.

Improving load forecasts at conforming GXPs will make price forecasts more accurate. Accurate price forecasts are expected to promote competition, reliability and efficiency by encouraging more efficient demand response and generation scheduling, and by avoiding inefficient forced load curtailment. We will develop our preferred option for improving load forecasts as part of our 2017/18 work programme.