Glossary
This is not a comprehensive glossary but it outlines a large number of terms and acronyms found in the BSC or terms related to working within the electricity market. If a term is not represented in the Glossary and you need further advice about the term you are searching for, please contact the Communications Team.
Glossary terms beginning with 'P'
Period Priced Accepted Offer Volume Permitted Activities PES 1998 Recovery Shares PES Supplier PES Supply Licence Physical Notification A notification made by the Lead Party to the Transmission Company.
Plan Year Plant Point Acceptance Volume Point Bid-Offer Volume Point Final Physical Notification Point Value Identification Number Pool Executive Committee Pool Member Pool NETA Costs Pool NETA Recovery Period Pool NETA Recovery Shares Pool NETA Start Date Pool Supplement Pooling and Settlement Agreement Post-Final Settlement Run Post-Final Volume Allocation Run Postponed Payment Date Power Park Module Price Average Reference Volume Price Derivation Code Primary Supplier Production BM Unit Production Energy Account Production Interconnector BM Unit Profile Administration Services Profile Administrator Profile Class Profile Coefficient Profiled Unmetered Supply Proposed Modification Proposer Protected Information Public Electricity Supplier