Glossary Term: Applicable BSC Objective(s)
Has the meaning given to that term in the Transmission Licence. The Transmission Licence defines this as:
The objectives referred to in paragraph 1(b) are:
- the efficient discharge by the licensee of obligations imposed upon it by this licence
- the efficient, economic and co-ordinated operation of the national electricity transmission system
- promoting effective competition in the generation and supply of electricity, and (so far as consistent therewith) promoting such competition in the sale and purchase of electricity
- promoting efficiency in the implementation and administration of the balancing and settlement arrangements described in paragraph 2
- compliance with the Electricity Regulation and any relevant legally binding decision of the European Commission and/or the Agency
- implementing and administering the arrangements for the operation of contracts for difference and arrangements that facilitate the operation of a capacity market pursuant to EMR legislation
- compliance with the Transmission Losses Principle