Topic: The BSC (16 items)
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. ELEXON is known as the Balancing and Settlement Code Company (BSCCo). We administer the BSC. How do the electricity trading arrangements work? Like most commodities, electricity [...]
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New arrangements (NETA) for the buying and selling of electricity were introduced in England and Wales in March 2001 and extended to Scotland in April 2005 (BETTA)…
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All Intellectual Property Rights in the data and information on these websites are owned in accordance with the terms of the Balancing and Settlement Code (BSC). If you wish to use the data and information from either of these websites you must write to ELEXON detailing which information you wish to use and the purpose [...]
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For each half hour trading period one of the ‘cash-out prices or ‘energy imbalance prices’ (System Sell Price and System Buy Price) will be associated with balancing mechanism offers and bids…
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BSC Party Operational Contact Details Form [38 Kb] ELEXON requires current contact details from BSC Parties so that it can efficiently resolve operational queries and issues. Parties are requested to keep ELEXON informed of the following: A contact (preferably more than one) that can deal with Credit Default issues both inside and outside of normal [...]
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BSC Interconnector Trading was produced to assist BSC participants in understanding the operation and general terminology used in relation to Interconnectors under the BSC.
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A – Parties and Participation [38 Kb] B – The Panel [118 Kb] C – BSCCo and its Subsidiaries [48 Kb] D – BSC Cost Recovery and Participation Charges [142 Kb] E – BSC Agents [27 Kb] F – Modification Procedures [144 Kb] G – Contingencies [132 Kb] H – General [127 Kb] I -Transitional [...]
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The balancing mechanism allows BSC Parties (if they wish) to submit offers to sell energy (by increasing generation or decreasing consumption) to the system and bids to buy energy (by decreasing generation or increasing consumption) from the system, at prices of the BSC Party’s choosing. Accepted bids and offers for individual BSC Parties are reported [...]
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Each point of entry and exit onto a Distribution System Operator’s Distribution System has an associated Metering Point, and each Metering Point has an associated Administration Number (MPAN) and Metering System Identifier (MSID). MPAN is the term used in the Master Registration Agreement (MRA), the governance document for the registration of Supplier Volume Allocation (SVA) [...]
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A BSC Party is any company that has signed the Balancing and Settlement Code Framework Agreement. This includes all licensed electricity companies in Great Britain who are obliged by their licence obligations to sign the BSC. Other companies may choose to do so. A BSC Party is bound by the terms of the BSC, and [...]
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BMReports.com provides near real time and historic data about the balancing mechanism. The website contains information such as the indicative System Buy Price (SBP) and System Sell Price (SSP) for each half hour of trading. Logica is the Service Provider or BSC Agent who has responsibility for the development and maintenance of this facility. ELEXON procures [...]
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The ELEXON Portal is a site that provides operational Central Services data such as file sequence numbers, Credit Cover information, Imbalance volumes, P114 data and more. You can also find BSC Data related items such as CALF values, Line Loss Factor values, etc. Single sign-on allows you quick access to applications such as the Service Desk, [...]
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The imbalance settlement process settles discrepancies between the amount of electricity that a company has contracted to generate or consume and that which they actually generated or consumed. Due to the nature of electricity, generators may generate more or less energy than they have sold; customers of suppliers may consume more or less energy than [...]
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The System Sell Price (SSP) and the System Buy Price (SBP) are the ‘cash-out’ prices or ‘imbalance prices’ that are used to settle the difference between contracted generation or consumption and the amount that was actually generated or consumed in each half hour trading period. SSP is paid to BSC Trading Parties who have a [...]
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Under the terms of the Balancing and Settlement Code (BSC), the BSC Panel has certain decision-making powers. This includes taking decisions on how to deal with a BSC Party that is in Default of the BSC. The options open to the BSC Panel in taking decisions are set out in Section H of the BSC [...]
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ELEXON does not have any involvement in the setting of wholesale prices in Great Britain. Wholesale trading takes place directly between willing buyers and sellers of electricity at a price agreed between them. Alternatively, organisations such as Power Exchanges can be used to purchase or sell electricity on behalf of organisations. An indication of wholesale [...]
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