Market Index Definition Statement for Market Index Data Provider(s)
The BSC Panel is required to establish and have in force at all times, in accordance with Section T of the Balancing and Settlement Code (the Code), a Market Index Definition Statement which is approved by the Authority containing details for each Market Index Data Provider. There is no specification in the Code as to the requisite number of Market Index Data Providers. The Market Index Definition Statement shall be reviewed by BSCCo, on behalf of the BSC Panel, from time to time and in any event at least once every 12 months.
Effective Date: 23 February 2017