Balancing and Settlement Code: an introduction | Practical Law

Balancing and Settlement Code: an introduction | Practical Law

This note introduces the Balancing and Settlement Code (BSC), a legal document setting out the rules to facilitate the balancing of supply and demand of electricity, and the settlement of imbalances for participants in the electricity wholesale market. The BSC applies to anyone who trades electricity in Great Britain, as well as generators and suppliers of electricity and other energy industry participants.

Balancing and Settlement Code: an introduction

Practical Law UK Practice Note w-001-6323 (Approx. 13 pages)

Balancing and Settlement Code: an introduction

by Practical Law Energy
Maintained • England, Scotland, Wales
This note introduces the Balancing and Settlement Code (BSC), a legal document setting out the rules to facilitate the balancing of supply and demand of electricity, and the settlement of imbalances for participants in the electricity wholesale market. The BSC applies to anyone who trades electricity in Great Britain, as well as generators and suppliers of electricity and other energy industry participants.