P416 Introducing a route of appeal for the Annual Budget in line with the proposals for the Retail Energy Code
There is currently no direct appeal mechanism by which BSC Parties can contest items contained within the Annual Budget. Indirect options to raise concerns on Annual Budget items are contained within the BSC, under these arrangements Voting Parties can:
- Raise non-binding resolutions that require BSCCo board members to consider a specified issue; or
- Raise a binding resolution to remove a director.
The Proposer contends that the current options are inefficient and in the case of a binding resolution to remove a director, disproportionate.
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.