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Beginners Guide

Have you ever asked yourself one, or all, of the following? How is electricity traded? What is Imbalance Settlement? What are Bids and Offers? How do Generators and Suppliers fit into this model? What’s ELEXON’s role in this? What do all those acronyms mean? If so, this is for you. It provides a detailed look at the Trading Arrangements for electricity which covers what you need to know. The rules that govern electricity trading are covered in the Balancing and Settlement Code (BSC).