BSC simple guides

Section B covers the establishment of the Balancing and Settlement Code Panel, the appointment and duties of Panel Members, the powers and functions of the Panel, the proceedings of the Panel, Panel Committees, Annual Reports and the Annual BSC Meeting.

Section C covers the constitution of ELEXON and the obligations of the shareholder of ELEXON; the powers, functions and responsibilities of ELEXON; the management of ELEXON; the relationship between ELEXON and Parties; the Business Strategy and Annual Budget for ELEXON; and Subsidiaries of ELEXON.

Section D outlines the recovery by ELEXON through BSCCo Charges of BSC Costs, which are the costs that ELEXON incurs in operating the trading arrangements. 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. Funding Share data by month can be found on the ELEXON Portal.

Section E sets out requirements that certain services must be provided by BSC Agents; the role of ELEXON in contracting with BSC Agents; provisions relating to the relationship between ELEXON, Parties and BSC Agents; and provisions relating to the BSC Services Manager. The BSC requires us to ensure the services specified in BSC Service Descriptions are always delivered.

Section F sets out the rules and procedures for modifying the Balancing and Settlement Code (BSC, the Code). This includes procedures for proposing, consulting on, developing, evaluating and reporting to the Authority on potential modifications. Section F also sets out rules and procedures for the creation and modification of Code Subsidiary Documents (CSDs) and provisions relating to change coordination and Information System (IS) Policies.