What are bids and offers?

The Balancing Mechanism allows BSC Parties (if they wish) to submit Offers to sell energy (by increasing generation or decreasing consumption) to the system and Bids to buy energy (by decreasing generation or increasing consumption) from the system, at prices of the BSC Party’s choosing.

National Grid accepts Bids and Offers as required to balance the electricity on the Transmission System. Accepted Bids and Offers for individual BSC Parties are reported on the Balancing Mechanism Reporting Service (BMRS) at BMReports.com.