Practical Law UK Glossary w-001-6371 (Approx. 3 pages)
Glossary
Settlement period
As used for electricity, a half-hour period used for the trading and balancing of electricity. There are 48 settlement periods in a settlement day (except on the short clock change day and the long clock change day when there are 46 and 50 respectively). For more information, see Practice notes, Electricity industry: overviewand Balancing and Settlement Code: an introduction.