Assessment of PAF Review Update for Smart Data Assurance Procedures and Techniques
"Explore the latest PAF Review update focusing on background, scope, activities, and questions. Learn about challenges, changes, and engagement in the context of risk quantification, governance, and stakeholder involvement. Stay informed about data evaluation, risk mitigation, and future plans for PAF procedures. Find out how to get more information and engage with the PAF Review team."
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Presentation Transcript
Public PAF Review Update presentation to TAMEG 18 October 2017 Beth Brown
PAF Review background and introduction Pre-P207 assurance P207 brought in the risk-based PAF risk register, operating plan, annual report Challenges and changes Non-traditional business models Smart metering Risk quantification and number of risks Engagement with BSC Parties and other stakeholders PAF Review update October 2017 2
PAF Review - scope PAF processes Currently i. ii. iii. iv. Governance Includes risk definitions and risk quantification PAF techniques (existing and new) REM Risk Evaluation Methodology RER Risk Evaluation Register ROP Risk Operating Plan APAR Annual Performance Assurance Report Exclusions PAF Review update October 2017 3
SMART DATA ASSURANCE PAF PROCEDURES TECHNIQUES Data Evaluate current and identify alternatives catalogue, test environment & existing data sources Quantification 2017 Assess mitigations Review alternatives and design new approach Alternative data sources Implement Mitigations Alternative data provision 2018 Review new risks PAT Reviews 2019 IMPLEMENT 4
PAF Review - activities Current activities What s coming up Smart Smart Risk quantification Data Risk mitigation Data Current PAF data assessment PAF Procedures Potential PAF data assessment PAF Procedures Evaluating current approach Considering alternate approaches Stakeholder engagement Designing new approach Visiting committees Webpage SVA Forum / PAB sub-group / Issue 69 PAF Review update October 2017 5
PAF Review questions? Where to find out more Questions Webpage OSMs SVA Forum (8 November) PAB papers/minutes Committee updates ? PAF Review team pafreview@elexon.co.uk PAF Review update October 2017 6
