Who are BSC parties?

A BSC Party is any company that has acceded to the Balancing and Settlement Code (i.e. that has signed the BSC Framework Agreement). This includes all licensed electricity companies in Great Britain who are required by their license obligations to sign the BSC. Other companies may choose to do so.

What is the role of Elexon?

Elexon oversees the strategic operation and day-to-day management of the Balancing and Settlement Code (BSC). Elexon compares how much electricity generators and suppliers say they will produce or consume with actual volumes. We work out a price for the difference and transfer funds.

What is BSC Elexon?

The Balancing and Settlement Code (BSC) is a legal document which defines the rules and governance for the balancing mechanism and imbalance settlement processes of electricity in Great Britain. The Balancing and Settlement Code Company (BSCCo) is administered by Elexon.

What are Elexon charges?

Supplier Charges are liquidated damages that Suppliers incur if they fail to meet certain performance levels. They compensate Parties disadvantaged by those who aren’t meeting defined Standards. We consider them to be a remedial technique in our Performance Assurance Framework.

What is the role of Elexon in the BSc?

Elexon oversees the strategic operation and day-to-day management of the Balancing and Settlement Code (BSC). Elexon compares how much electricity generators and suppliers say they will produce or consume with actual volumes.

Who is the chairman of the Elexon board?

Elexon Board and BSC Panel Chairman Michael was appointed as the Chair of the Elexon Board and Balancing and Settlement Code (BSC) Panel in October 2013 and reappointed for three more years in November 2016 and again in 2019.

What is the role of Elexon in the balancing and Settlement Code?

The BSC contains the rules and governance arrangements for the Balancing Mechanism and imbalance settlement processes. Elexon oversees the strategic operation and day-to-day management of the Balancing and Settlement Code (BSC). Elexon compares how much electricity generators and suppliers say they will produce or consume with actual volumes.

How to get an OSM for Elexon BSc?

The allocation of OSMs is not an automatic process and therefore some BSC Parties and Qualified Persons listed here may not yet have an OSM. When a Party has completed the Registration process they should complete an Operational Support Manager Allocation Form and email it to [email protected] if they wish to have an OSM allocated.