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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.