Glossary
This is not a comprehensive glossary but it outlines a large number of terms and acronyms found in the BSC or terms related to working within the electricity market. If a term is not represented in the Glossary and you need further advice about the term you are searching for, please contact the Communications Team.
Glossary terms beginning with 'L'
Last Resort Direction Lead Energy Account Lead Party Legal Requirement Letter of Credit Level 1 Credit Default Level 1 Credit Default Cure Period Level 2 Credit Default Licence Licence Restricted Party Licensable Generating Plant Licensed Distribution System Operator or LDSO Line Loss Adjustment Factor Line Loss Code Line Loss Factor Line Loss Factor Class Identifier(s) Line Loss Factor Class Long Term Vacant Loss of Load Probability Low Grade Service Low Power Instrument Transformers Low Reference Initial National Demand Out-Turn Daily