About BSC Committees & Groups

The Balancing and Settlement Code is governed by the BSC Panel and its committees and industry groups. They meet to fulfil the duties of the BSC and discuss issues around day to day operations. This includes how changes to the BSC itself, Code Subsidiary Documents and BSC Systems are developed, assessed and implemented. 

About the BSC Panel

The BSC Panel assesses Modification Proposals against a defined set of criteria laid out in the Transmission Company’s Licence, determines trading parameters and ensures that BSC Parties comply with the BSC rules.

BSC Panel Members are appointed by election or by appointment. BSC Panel Members must act impartially and not be representative of any one Party or class of Parties.

Want to join the meeting?

Our Panel meetings are held both virtually and in-person. If you would like to join a meeting, please email [email protected] . To enhance the meeting experience we have created a set of principles to be followed when holding online meetings. These principles will be highlighted at the beginning of each meeting to improve your virtual meeting experience.

Panel committees

The BSC Panel has established six Panel Committees to support it in fulfilling its various duties, and a number of industry groups also meet regularly to discuss issues arising from the BSC.

Membership of the committees and groups is drawn from the industry. Panel Committee Members must act impartially and not be representative of any one Party or class of Parties.

Elexon’s role

Elexon attends the BSC Panel and provides secretariat services. 

The Chairperson of the BSC Panel (also the Chairperson of the Elexon Board) may only cast a vote in respect of Panel determinations where there is no overall majority. Save for this exception, Elexon is not a member of the BSC Panel and has no vote in respect of BSC Panel determinations.

Elexon also chairs, attends and provides secretariat support to Panel Committees. However, Elexon is not a member of the Panel Committees, either in its capacity as chair or in any other capacity, and it has no vote in respect of Panel Committee determinations.

List of groups and latest meetings

BSC Panel

The BSC Panel plays an important role in helping to ensure that the provisions of the BSC are given effect; it must do so promptly, fairly, economically, efficiently, transparently and in such a manner as will promote effective competition in the generation, supply, sale and purchase of electricity.

Code Administration Code of Practice forum

The CACoP Forum enables energy Code Administrators to collaborate, share best practice and make navigation of energy Codes easier for all industry participants.

Credit Committee

The Credit Committee (CC) is responsible for all matters under the Balancing and Settlement Code (BSC) that relate to the Credit Assessment Price (CAP). Credit Committee Meetings are open to any BSC Party and the business discussed is non-confidential. Attendees can observe the proceedings but cannot speak unless invited by the chairperson.

The Credit Committee introduced an alternative review process in October 2021 to be used temporarily in volatile market conditions. The intention of the new process will be to give more flexibility to the Credit Committee to set a CAP faster, and based on a wider range of data sources.

  • Consultation of the proposed approach
  • CAP updates


Imbalance Settlement Group (ISG)

The ISG is responsible for overseeing the operation of the Imbalance Settlement processes and systems in the Central Volume Allocation (CVA) Market.


MHHS Performance Assurance Working Group

The Performance Assurance Working Group (PAWG) is one of several working groups set up by Elexon to deliver the technical overview of the Market-wide Half Hourly Settlement (MHHS) scope. The focus of the group is to deliver a framework for parties that is appropriate to the new MHHS services.

P434 Implementation Working Group

Modification P434 ‘Half Hourly Settlement for UMS Metering Systems’ was implemented on 14 December 2022 as a special BSC Release. This Modification will require a period of mandatory Change of Measurement Class for NHH UMS Metering Systems.

To ensure a smooth transition and support impacted parties, an Implementation Working Group (IWG) has been established.


Performance Assurance Board (PAB)

The PAB conducts and administers activities to provide assurance that all participants in the BSC arrangements are suitably qualified and that the relevant standards are maintained.


Q8 committee

Q8 is an extension of the Trading Disputes Committee (TDC) and hears trading compensation claims. Under BSC Section Q8, BSC Parties may claim compensation if they have suffered a material loss due to being unable to submit Physical Notifications during an unplanned Transmission Company Outage.


Software Technical Advisory Group (STAG)


Supplier Volume Allocation Group (SVG)

The SVG is responsible for overseeing the operation of the Supplier Volume Allocation processes and systems.


Technical Assurance of Metering Expert Group (TAMEG)


Trading Disputes Committee

The Trading Disputes Committee (TDC) ensures that all Trading Disputes and Manifest Errors are resolved so that errors are corrected and the integrity of Settlement maintained.


Unmetered Supplies User Group (UMSUG)

The UMSUG is an impartial expert advisory group to the Supplier Volume Allocation Group (SVG) on matters relating to the BSC’s Unmetered Supplies (UMS) arrangements.


Click on the X next to any of the icons to replace them with a short-cut link to the page you are currently on or search for a specific page.