|
|
|
|
|
|
Acceptance
|
means a Communication which is classed as an "Acceptance" in accordance with Section Q or, where the context so requires, the Acceptance Data and the associated Bid-Offer Acceptance Number k which have been derived from that Communication;
|
|
|
Acceptance Data
|
Data (in accordance with Section Q5.3.1) to be submitted by the Transmission Company pursuant to Section Q6.2.1(e). Acceptance Data for a BM Unit shall comprise the following data items:(a) a set comprising one or more Acceptance Volume Pairs, each with a 'from' MW level and an associated 'from' time and a 'to' MW level and an associated 'to' time and where(i) the MW levels are expressed in whole MW measured from the zero point (of no energy Export or Import); and (ii) the times are expressed in a whole number of minutes and the first 'from' time is not earlier than the Bid-Offer Acceptance Time and the last 'to' time is not later than the end of the last Settlement Period for which Gate Closure fell before the Bid-Offer Acceptance Time; and b) the associated Bid-Offer Acceptance Number 'k' expressed as an integer greater than the value of k for the Acceptance Data (for that BM Unit) with the immediately preceding Bid-Offer Acceptance Time or, where any Acceptance Data exists with identical Bid-Offer Acceptance Time, greater than the highest value of k which exists with such Bid-Offer Acceptance Time; and c) the associated Bid-Offer Acceptance Time; and (d) in the case of an Acceptance within paragraph 5.1.3(b) (other than one within paragraph 5.1.5) that the Acceptance was an Emergency Acceptance; and (e) in the case of an Acceptance within paragraph 5.1.3(b) (other than one within paragraph 5.1.5) whether the Transmission Company has classified such Acceptance as an 'Excluded' Emergency Acceptance.
|
|
qAkij(t)
|
Acceptance Volume
|
The Acceptance Volume is a quantity of absolute MW for any spot time t obtained by interpolating between Point Acceptance Volumes, qAkit, derived from the Acceptance Volume Pairs submitted as part of Acceptance Data for BM Unit i. The quantity determined in accordance with Section T3.4.
|
|
|
Acceptance Volume Pair
|
A pair of data items expressed in accordance with Section Q5.3.1(a) and submitted as part of the Acceptance Data pursuant to Section Q6.2.1(e). The Acceptance Volume Pair is a pair of MW levels each with an associated spot time which describe the absolute MW level at which a BM Unit should operate at those spot times as a result of Acceptance k.
|
|
qABknij(t)
|
Accepted Bid Volume
|
The accepted Bid Volume is the quantity of Bid n being the negative part of the accepted Bid-Offer Volume accepted as a result of Bid-Offer Acceptance k from BM Unit i at spot times t within Settlement Period j. The quantity established in accordance with Section T3.7.1.
|
|
qABOknij(t)
|
Accepted Bid-Offer Volume
|
The accepted Bid-Offer Volume is the quantity of Bid or Offer from Bid-Offer Pair n accepted as a result of Bid-Offer Acceptance k in Settlement Period j from BM Unit i, for any spot time t within Settlement Period j. The quantity established in accordance with Section T3.6.
|
|
qAOknij(t)
|
Accepted Offer Volume
|
The accepted Offer Volume is the quantity of Offer n being the positive part of the accepted Bid-Offer Volume accepted as a result of Bid-Offer Acceptance k from BM Unit i at spot times t within Settlement Period j. The quantity established in accordance with Section T3.7.2.
|
|
|
Accession Agreement
|
means an agreement in the form set out in Annex A-1 whereby a Party Applicant accedes to the Framework Agreement;
|
|
QABCaj
|
Account Bilateral Contract Volume
|
The Account Bilateral Contract Volume is the aggregate of all Energy Contract Volumes relating to Energy Account a in Settlement Period j disregarding those that have been rejected and those contained in Energy Contract Volume Notifications that were refused and represents the energy debited from account a and credited to the other accounts (except in the case of the Transmission Company) for the purpose of calculating Account Energy Imbalance Volume. The quantity determined in accordance with Section P4.1.1.
|
|
QACEaj
|
Account Credited Energy Volume
|
The Account Credited Energy Volume is the aggregate of the BM Unit Metered Volumes allocated to Energy Account a in Settlement Period j. The quantity determined in accordance with Section T4.6.1.
|
|
CAEIaj
|
Account Energy Imbalance Cashflow
|
The Account Energy Imbalance Cashflow is the total cashflow resulting from the Energy Imbalance of Energy Account a in Settlement Period j such that a negative quantity represents a payment to the Trading Party holding Energy Account a and a positive quantity represents a payment by the Trading Party holding Energy Account a. The amount determined in accordance with Section T4.7.1.
|
|
QAEIaj
|
Account Energy Imbalance Volume
|
The Account Energy Imbalance Volume is the sum of the Account Credit Energy Volume, plus the Account Period Bid-Offer Volume less the Account Bilateral Contract Volume for Energy Account a, in Settlement Period j. The quantity determined in accordance with Section T4.6.3.
|
|
QABSaj
|
Account Period Balancing Services Volume
|
The Account Period Balancing Services Volume is the sum of the net quantity of all accepted Bids and Offers, and the net energy associated with delivery of Applicable Balancing Services from all BM Units for which Energy Account a is the Lead Energy Account in Settlement Period j. The quantity determined in accordance with Section T4.6.2.
|
|
|
Act
|
means the Electricity Act 1989;
|
|
|
Active Energy
|
means the electrical energy produced, flowing or supplied by an electric circuit during a time interval, being the integral with respect to time of instantaneous Active Power, measured in units of watt-hours or standard multiples thereof; |
|
|
Active Power
|
means the product of voltage and the in-phase component of alternating current measured in units of watts and standard multiples thereof, that is: 1000 Watts = 1 kW, 1000 kW = 1 MW |
|
AEIp
|
Actual Energy Indebtedness
|
The Actual Energy Indebtedness is the net energy contribution determined to be allocated to a Trading Party for Settlement Periods as defined in Section M1.2.1. The amount determined as such in accordance with Section M1.2.5.
|
|
|
Additional BM Unit Monthly Charge
|
A Main Specified Charge payable by Parties in relation to each month, there will be an Additional BM Unit Monthly Charge, for each Supplier BM Unit for which a Supplier is Lead Party for all or any part of that month, and which is not charged for under paragraph (g) , at an initial charge rate of £100 per month; has the meaning given to that term in paragraph 3.1 of Annex D-3;
|
|
|
Additional BM Unit:
|
For any Supplier and any GSP Group, the "Base BM Unit" is the Supplier BM Unit which was registered for the Supplier, and each other Supplier BM Unit is an "Additional BM Unit". has the meaning given to that term in Section K3.3.5;
|
|
|
Ad-hoc Trading Charge
|
amount which a Party is liable to pay to or entitled to receive from the BSC Clearer: (i) pursuant to any provision of The Code, where such amount is specified in such provision to be such an Ad-hoc Trading Charge; (ii) pursuant to an Extra-Settlement Determination in accordance with Section U2.2.3. b) The date on which payment in respect of an Ad-hoc Trading Charge is due shall be: (i) the date established in accordance with the relevant provision of The Code or the decision of the Panel (as referred to in paragraph (a)(i) or (ii) respectively); or (ii) failing any such date, the 10th Business Day after the FAA received notification from BSCCo. has the meaning given to that term in Section N6.9;
|
|
|
Advice Notes
|
means a note issued by the FAA on a Notification Date setting out amounts payable by or to a Payment Party on the relevant Payment Date in accordance with Section N7.1.1; |
|
|
Affected BM Unit
|
means (i) in relation to a Supplier of Last Resort, the BM Unit(s) comprising or including premises in respect of which the last resort direction is made and, where applicable, any related BM Units referred to in paragraph 7.3.3; (ii) in relation to a Transferee, the BM Unit(s) specified in the notice given pursuant to paragraph 7.2 in respect of that Transferee and, where applicable, any related BM Units referred to in paragraph 7.3.3; and, in each case, an "Affected BM Unit" shall be a particular one of them. has the meaning given to that term in Section K.7.1.1;
|
|
|
Affected Date
|
Any Payment Date (such date, in respect of the Settlement Day to which it relates, the "Affected Date"), the FAA has been notified by a Settlement Bank or it otherwise has reason to believe there will be an Amount in Default in respect of any BSC Debtor. has the meaning given to that term in Section N9.2.1;
|
|
|
Affiliate
|
means, in relation to any Party, any holding company of that Party, any Subsidiary of that Party or any Subsidiary of a holding company of that Party, in each case within the meaning of sections 736, 736A and 736B of the Companies Act 1985, but subject to Section X2.2.5 in relation to the Transmission Company;
|
|
|
Aggregate PES Recoverable Amount
|
The principal amount recoverable as at the BSC 1998 Start Date by PES Suppliers in aggregate in respect of 1998 Programme Costs shall be: (a) £63,388,000, being the total initial principal amount recoverable by PES Suppliers in aggregate in respect of 1998 Programme Costs, less (b) the aggregate amounts recoverable up to and including the Quarter Date immediately before the BSC 1998 Start Date in respect of principal of that amount by PES Suppliers pursuant to those provisions of the Pooling and Settlement Agreement equivalent to this paragraph 1; and the Panel shall determine and notify to all Parties the Aggregate PES Recoverable Amount as soon as practicable after the BSC 1998 Start Date. has the meaning given to that term in paragraph 1.1.1 of Annex D-5;
|
|
|
Aggregate Pool NETA Costs
|
amount of Pool NETA Costs, with interest on each amount of Pool NETA Costs at the Base Rate from the first day of the month following that in which such amount was expended to the Pool NETA Start Date; has the meaning given to that term in paragraph 2.1.2 of Annex D-5;
|
|
|
Aggregation Rules
|
The rules by reference to which Import or Export Active Energy metered data collected from Outstations relating to meter registers of one or more Metering Systems are to be aggregated so as to provide, in relation to any Settlement Period, the Metered Volume for that Volume Allocation Unit for the purposes of Settlement. has the meaning given to that term in Section R3.1.1;
|
|
|
Allocation Schedule
|
means a schedule prepared in connection with a Shared SVA Meter Arrangement in accordance with BSCP550 which splits the Active Energy measured by the Shared SVA Metering System for each Settlement Period between two or more Suppliers such that the net energy allocation to the Suppliers is equal to such metered Active Energy;
|
|
|
Alternative Modification
|
where appropriate the Modification Group, develop an alternative Proposed Modification which, as compared with the Proposed Modification, would better facilitate achievement of the Applicable BSC Objective(s); has the meaning given to that term in Section F2.6.4;
|
|
|
Amount in Default
|
all or any part of any amount due and payable from a BSC Debtor to the BSC Clearer which is not remitted to the relevant Collection Account by 15.30 hours on the relevant Payment Date and, at any time thereafter, together with interest payable by that Non-paying BSC Debtor pursuant to paragraph 9.4 and less any amounts paid or recovered (as defined in paragraph 9.3.1) in respect thereof at that time; has the meaning given to that term in Section N9.1;
|
|
|
Annual BSC Costs
|
in relation to a BSC Year, means all BSC Costs accruing (in accordance with the BSCCo Accounting Policies) in that year; has the meaning given to that term in Section D2.1.1; |
|
|
Annual BSC Meeting
|
An Annual BSC Meeting shall be held once in each BSC Year, in the month of July. One or more representatives of each Party shall be entitled to attend and speak at the Annual BSC Meeting. Each Panel Member, each Director of BSCCo and the Chief Executive of BSCCo shall attend the Annual BSC Meeting unless prevented from doing so by exceptional circumstances; and the Panel Chairman (or in his absence the Deputy Panel Chairman) shall chair the meeting. The purpose of the Annual BSC Meeting shall be for an explanation and discussion of the accounts and reports provided for the previous BSC Year, and the Business Strategy and Annual Budget provided for the current BSC Year, and a response to any questions which Parties may have in relation to them. The Annual BSC Meeting shall not be a general meeting of BSCCo, the Directors of BSCCo or of the Panel; and the Annual BSC Meeting shall have no power to take any decision; and no vote on any matter shall be taken at such meeting; and nothing said by any Panel Member or Director of BSCCo at such meeting shall amount to a decision of the Panel or Board of Directors of BSCCo or have any other binding effect. the meeting referred to in Section B6.2;
|
|
|
Annual BSC Report
|
Panel shall prepare and provide to all Parties and the Authority, no later than 30th June in each BSC Year (the "current" year), a report summarising the implementation of The Code and the activities of the Panel and its committees and of BSCCo in the preceding BSC Year. The Annual BSC Report shall include: (a) a review of the operation of Settlement and the implementation of The Code generally; (b) a review of the implementation of the Modification Procedures and the Modification Proposals which have been subject to those procedures; (c) a report on the performance by each BSC Agent of its functions under The Code and pursuant to its BSC Agent Contract; (d) a review against the Business Strategy for that BSC Year of the activities undertaken by BSCCo, and a review against the Annual Budget for that BSC Year of the expenditure of BSCCo; (e) a report on the performance of each SMRS and compliance with the BSC Requirements for the MRA, and a review of arrangements (relevant to implementation of The Code) between Parties and parties to the MRA; (f) a report in relation to Trading Disputes (g) a report on the performance by each Market Index Data Provider of its functions under The Code and pursuant to its Market Index Data Provider Contract; in and in respect of the report BSC Year. means the report to be prepared in respect of each BSC Year pursuant to Section B6.1
|
|
|
Annual Budget
|
means, in respect of each Plan Year, the budget sets out the expenditure which BSCCo considers reasonably necessary in order to carry out such activities in the Plan Year, referred to in Section C6.1.1(b); |
|
|
Annual Default Costs
|
in relation to a BSC Year, means the aggregate of all unpaid amounts falling to be treated as BSC Costs in that BSC Year. has the meaning given to that term in Section D2.1.1; |
|
|
Annual Funding Share
|
the Annual Funding Share of a Trading Party is the sum of its General Funding Shares for the 12 consecutive months ending with and including that month, divided by the sum for all Trading Parties of their General Funding Shares for such 12 months; has the meaning given to that term in Section D1.2.1(e);
|
|
|
Annual Holiday Periods
|
the "Annual Holiday Periods" for any BSC Year shall be the periods: (a) commencing on the Thursday immediately prior to Good Friday and concluding on the Tuesday next following Easter Monday (inclusive); and (b) commencing on the relevant commencement day and concluding on the relevant conclusion day (inclusive) in accordance with the following table: has the meaning given in M1.5A;
|
|
|
Annual SVA Costs
|
In relation to a BSC Year, it means all SVA Costs accruing (in accordance with the BSCCo Accounting Policies) in that year; has the meaning given to that term in Section D2.1.1; |
|
AA
|
Annualised Advance
|
The rate of consumption for a Settlement Register over the period between two meter readings. The value is nominally expressed as kWh/Year, but this is only for ease of understanding and can not be relied upon as a true value.
|
|
|
Apparatus
|
means all equipment in which electrical conductors are used or supported or of which they form part; |
|
|
Applicable Balancing Services
|
means Balancing Services in respect of which the Transmission Company submits or is to submit data pursuant to Section Q6.4; |
|
|
Applicable Balancing Services Volume Data
|
means the data in respect of a BM Unit and a Settlement Period representing volume of Active Energy associated with the provision of Applicable Balancing Services as sent by the Transmission Company to the SAA and BMRA pursuant to Section Q6.4; |
|
|
Applicable BSC Objective(s)
|
has the meaning given to that term in the Transmission Licence; |
|
|
Applicant
|
means a person wishing to carry out one or more of the functions for which Qualification is required pursuant to Section J and who, in accordance with that Section, applies for Qualification and, where the context so admits, shall include a person applying for re-Qualification in accordance with that Section;
|
|
|
Application Fee
|
means the application fee (if any) set by the Panel from time to time in accordance with Section A2.5 as the fee payable by a Party Applicant; |
|
|
Appointment Day
|
The Appointment Day means: (i) in relation to a Supplier of Last Resort (and, where applicable, an Affected BM Unit), the day when the relevant last resort direction takes effect pursuant to the Supply Licence of the Supplier of Last Resort; (ii) in relation to a Transferee (and, where applicable, an Affected BM Unit), the day next following the day on which the relevant notice referred to in paragraph 7.2 is received by BSCCo; has the meaning given to that term in Section K.7.1.1;
|
|
|
Approved Modification
|
means a modification to the Code which has been made but which has not yet been implemented; |
|
|
Arbitrage Accepted Bids
|
Arbitrage Accepted Bids are those accepted Bids (or parts thereof) in Settlement Period j, for which the Bid Price is greater than or equal to the Offer Price of one or more accepted Offers in the same Settlement Period. The quantity of Arbitrage Accepted Bids tagged as such in a particular Settlement Period is limited by the aggregate quantity of accepted Offers for which the Offer Price is less than equal to the Bid Price of accepted Bids. Has the meaning given to that term in Annex T-1.
|
|
|
Arbitrage Accepted Offers
|
Arbitrage Accepted Offers are those accepted Offers (or parts thereof) in Settlement Period j, for which the Offer Price is less than or equal to the Bid Price of one or more accepted Bids in the same Settlement Period. The quantity of Arbitrage Accepted Offers tagged as such in a particular Settlement Period is limited by the aggregate quantity of accepted Bids for which the Bid Price is greater than or equal to the Offer Price of accepted Offers. Has the meaning given to that term in Annex T-1.
|
|
|
Assessment Procedure
|
The purpose of the Assessment Procedure is to evaluate whether the Proposed Modification identified in a Modification Proposal better facilitates achievement of the Applicable BSC Objective(s) and whether any Alternative Modification would, as compared with the Proposed Modification, better facilitate achievement of the Applicable BSC Objective(s) in relation to the issue or defect identified in the Modification Proposal. The Panel shall establish or designate a Modification Group and shall determine its terms of reference. The procedure described in Section F2.6;
|
|
|
Associated Distribution System
|
means, in relation to a Licensed Distribution System Operator (or SMRA, as the case may be), a Distribution System: (i) which is not operated by a Licensed Distribution System Operator; and (ii) in respect of which all the entry/exit points are subject to registration in such Licensed Distribution System Operator's (or SMRA's) SMRS pursuant to the provisions of the MRA; and, for these purposes, 'entry/exit point' means a point at which electricity may flow on to or off such Distribution System other than from or to the Transmission System or another Distribution System;
|
|
|
Authorised Recipient
|
Means any Business Person to whom Protected Information has been divulged, provided that such person:(i) requires access to such Protected Information for the proper performance of his duties as a Business Person in the course of Permitted Activities; and (ii) has been informed of the duties of the Transmission Company in relation to inter alia Protected Information. has the meaning given to that term in Section H4.1.1;
|
|
|
Authority
|
means: (i) until both section 1(1) and section 3(1) of the Utilities Act 2000 are brought into force, the Director General of electricity Supply; (ii) thereafter, the Gas and electricity Markets Authority established by section 1(1) of the Utilities Act 2000;
|
|
AFYC
|
Average Fraction of Yearly Consumption
|
The fraction of the annual demand that a profile will allocate to the Settlement Periods covered by a TPR. This value will modify the profile values so that EACs and AAs have intuitive values.
|