P416 Introducing a route of appeal for the Annual Budget in line with the proposals for the Retail Energy Code
P416 seeks to amend the BSC to include an appeals mechanism that BSC Parties could use to challenge items in the Annual Budget.
If Parties’ concerns over the Balancing and Settlement Code Company (BSCCo) Annual Budget are not being satisfactorily addressed by the BSCCo Board, the mechanism for further contesting them would be by raising a Resolution to the BSCCo Board. If that Resolution does not reach a satisfactory conclusion, the Party could raise further Resolutions to remove Board members.
The Proposer contends that these are inefficient and disproportionate processes for Parties to address their concerns with the BSCCo budget.
This Modification seeks to amend the BSC to include an appeals mechanism that could be used to challenge items in the Annual Budget in line with the appeals mechanism detailed in proposals for the Retail Energy Code.
Listen to a podcast from lead analyst Chris Arnold which explains the proposal.