BSC Costs & Charges
Elexon’s costs and the contracted costs of BSC Agents are paid for by BSC Parties as described in Section D of the BSC. The amount each BSC Party pays (Funding Shares) depends on their market role and the volume of energy they generate, supply or trade.
In addition to these costs there are also charges that relate to trading and settlement.
On this page
Funding shares
Some of the BSC Costs are collected on a tariff-style basis, but this only accounts for around a third of the overall
amount. The remainder is left as a sum of money that needs to be paid. Funding Shares are ratios calculated for each BSC Party based on their generation or supply in the last month, and these determine what share of that remaining money they will have to pay. Parties that generate or supply more will ultimately pay a larger share of the costs.
- Funding Shares guidance note
- BSC Portal > Financial and Credit > Funding Share
Main & SVA Specified Charges
The Main and SVA Specified Charges are the fixed charges associated with being a BSC Party. They are set out in BSC Annex D-3.3 and D-3.4 and are determined by the BSC Panel before the start of each BSC Year.
Dataline Monthly Charges
The ‘Dataline Monthly Charges’ are payable by parties who have chosen to order the High Grade Service as described in BSC Annex D-3.
Details of the charges agreed by the BSC Panel are within the Schedule of Specified Communication Charges.
Participant Test Service charges
Elexon provides a number of other services to BSC Parties, for example the Participant Test Service.
For a new market participant entering the market an initial 1/2 day Participant Test Service (PTS) slot is offered at half price.
| Charge | Rate |
| Participant Test Service Test Slot (£/half day) | £947 + VAT |
Further information
Invoicing
Receiving Invoices
Elexon aims to issue BSC monthly invoices on the first working day of the month. We send invoices electronically to the email address provided by you on your BSC Accession or Customer Data form. It is your responsibility to inform Finance Operations of any change to your billing address or contact details.
This can be done by using Kinnect Customer Solution or by emailing the Finance Operation Team.
Elexon’s Billing Threshold
Elexon has a £250 billing threshold. If your charges fall under this amount excluding VAT then they shall be carried over to the following month or until the charges exceed this amount.
BSC Payment Terms
The payment terms for BSC invoices are 12 working days. As a member of the BSC, you have agreed to these terms. You shall make payment thereon no later than the due date as displayed on your invoice.
Please ensure that you have these terms set up within your finance system.
Please note that Elexon cannot deviate from the terms set out in Section D of the BSC or under any circumstances use any discretion regarding late payment.
If you require a Purchase Order Number to be quoted on your invoices then please contact the Finance Operations Team via email and we can display this Purchase Order within the address field of your invoice.
Payment Options
Payment is to be received in full and in sterling to Elexon Ltd main account. Our UK bank details are displayed on the BSC invoice.
We also provide the option to pay by Direct Debit. This is a quick and easy set up by simply completing our Direct Debit mandate and returning it to the Finance Operations team; we accept scanned copies via email. Direct Debits are typically approved and active within 5 working days.
Late or failed payments
If your invoice is not paid or not paid in full on or before the due date, you shall pay interest at the Default Interest Rate from the due date until the day on which payment is made.
Elexon will issue you with a Default Notice the day after your invoice payment was due. If payment has not been received within five working days of the notice, or, if you have not paid such amount by the invoice date on three occasions within a rolling 12 month period. An event of Default as defined in Section H3.1.1 (b) of the Code funds will have occurred.
Details of any default will be sent to the BSC Panel who has the authority to instruct expulsion proceedings and notify other Parties of the Default.
Credit Note Treatment
If you receive a credit note in regards to BSCCo charges, Elexon will pay this amount to you on the due date as stated within the credit note. This payment will be made to the bank details you provided within your BSC Accession or Customer Data form.
Please note that you should not deduct credit note amounts from any BSC Invoice payment.