Settlement
What does a ‘Qualified’ BSC Audit Opinion mean?
The BSC Auditor will ‘Qualify’ its audit opinion if it cannot provide reasonable assurance that the total level of error in Settlement is less than the Materiality Threshold. The Materiality […]
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Trading & Settlement
Electricity is traded on a wholesale market, with generators and suppliers entering into contracts with each other for every half hour of every day; sometimes years in advance...
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What is the BSC?
The Balancing and Settlement Code (BSC) is a legal document which defines the rules and governance for the balancing mechanism and imbalance settlement processes of electricity in Great Britain. The […]
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