Glossary

All Trading Parties to review the Trading Party Groups Register by 20 June 2022

Elexon uses the Trading Party Groups as part of the Voting Shares Register for the Balancing and Settlement Code (BSC) Panel Elections.

The Panel member elections take place from June to August 2022 and elected members will serve from 1 October 2022 to 30 September 2024.

The Voting Shares are also important for the voting of Elexon Directors as part of the next Annual BSC Meeting and Seminar on 14 July 2022.

Accurate Trading Party information needed ahead of the elections

It is really important that we hold the latest information on Trading Parties that are affiliated with others. For example, Trading Parties may be part of the same corporate group. Where Trading Parties are affiliated with another corporate group they must be considered as a ‘Trading Party Group’.

This is because BSC Trading Parties are eligible to vote for BSC Panel members in the Panel elections. They may do so by submitting a voting paper for each Energy Account held (i.e. a Production account and a Consumption account).

 Only one Trading Party in a Trading Party Group may submit voting papers for the Panel elections.

20 June deadline to confirm Trading Party information is correct

The deadline for Trading Parties to self-declare and update their Trading Party Groups is 20 June.

Information about Trading Party Groups is on our website

Contact us if there are any errors in the Voting Shares Register 

If there are any errors in the Voting Shares Register, or if you require any further information, please contact Elliott Harper, Head of Governance Services, on 0207 380 4302 or email [email protected].

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