Print This Page
Participating in the Market
Parties to the Balancing and Settlement Code (BSC) are those
who are parties to the Framework Agreement. Essentially, this
is made up of:
- ELEXON;
- National Grid;
- Licensees; and
- others who voluntarily choose to become Parties
Each Party may have one or more different participation
capacities under the BSC; these may include:
- the Transmission Company (currently National Grid as
Transmission Licensee);
- a Distribution System Operator (i.e. those holding a
Distribution Licence);
- a Trading Party (a party that holds Energy
Accounts);
- a Supplier (for the purposes of the BSC, someone who
holds a Supply Licence AND has metering systems registered in
Supplier Volume Allocation (SVA))
- an Interconnector Error Administrator (IEA), or an
Interconnector Administrator (IA)
BSC Parties, Party Agents and BSC Agents are required to
adhere to a number of performance standards and targets
described in the Balancing and Settlement Code (BSC) and Code
Subsidiary documents. For more information on these standards,
please refer to the
Performance Assurance Framework (PAF) ,available from
the left-hand menu alongside.
For information on how to enter the market including the
steps required to accede to the Framework Agreement, please
refer to the Market Entry/Exit pages contained within this
section.