Glossary Term: BSC Clearer
This entity is involved in the financial settlement processes within the electricity market, ensuring that payments between parties are accurately managed and reconciled. The BSC Clearer, currently ELEXON Clear Ltd, is established in accordance with Section N of the BSC to act as a counter party to each Payment Party. Each Party is entitled to receive from the BSC Clearer, and is obliged to pay to the BSC Clearer, amounts in respect of Trading Charges and Reconciliation Charges.
BSC defined definition
Elexon Clear Limited (or any successor to that company in the capacity of the BSC Clearer);