What is a BSC Party?
A BSC Party is any company that has acceded to the Balancing and Settlement Code (i.e. that has signed the BSC Framework Agreement). This includes all licensed electricity companies in Great Britain who are required by their license obligations to sign the BSC. Other companies may choose to do so. A BSC Party is bound by the terms of the BSC, and is subject to certain consequences if they fail to abide by these terms.