About the BSC

The Balancing and Settlement Code (BSC) is a legal document which sets out the rules and governance for the balancing mechanism and imbalance settlement processes of electricity in Great Britain.

This section contains information and guidance around the various aspects of the BSC. For regular operational updates and info visit the Live BSC Operations section.

• Introduction to the BSC provides a high level intro to the BSC, its history, simple guides to each section, and frequently asked questions.
• Governance & Change provides information on the committees and groups which govern the BSC, and guidance on how changes to BSC and Code Subsidiary Documents are made.
• Market Entry & Exit helps newcomers to the industry understand what they need to do to become a BSC Party - and how existing BSC Parties can leave the market.
• The Credit & Pricing section contains info around Credit Cover, Credit Default, Imbalance Pricing, and Trading Charges.
• Market Compliance provides guidance around the activities and processes which ensure that BSC Parties, Party Agents and BSC Agents adhere to a number of performance standards and targets described in the BSC and Code Subsidiary documents.
• The Technical Operations section gathers together information about the more technical aspects relating to the BSC, such as BM Units, Losses, Metering and Market Domain Data.
• Trading & Settlement (new!) provides information on the wholesale electricity market, the various systems and processes of BSC Central Services, Contract Notification Guidance, and Settlement Calendars. The Claims & Disputes page can also be found here.