Glossary Term: Settlement Administration Agent
Acronym: SAA
The BSC Agent for Settlement Administration.
The Settlement Administration Agent (SAA) performs daily Settlement Runs and produces balancing mechanism and Settlement Reports to BSC Parties, the Funds Administration Agent (FAA) and Elexon. These reports detail monies owed and owing as a result of balancing mechanism actions and settlement of imbalances. The SAA calculates the charges in £’s from MWh data.
BSC defined definition
The BSC Agent for Settlement Administration in accordance with Section E.