BSC simple guides
The Balancing and Settlement Code (BSC) is a lengthy legal document. The following guides provide a good starting point for understanding what each part of the BSC covers.
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P420 ‘Retail Code Consolidation Significant Code Review’ was implemented on 1 September 2021, amending the Balancing and Settlement Code (BSC) to align it with the Retail Energy Code (REC) version 2.0 as part of Ofgem’s Faster Switching Significant Code Review. The legal text for P375 ‘Settlement of Secondary BM Units using metering behind the site Boundary Point’, was approved by BSC Panel at its meeting in October 2020 (307/06), well before the full P420 solution had been developed. The P420 legal text impacts the P375 approved legal text. Consequently, the P375 legal text cannot be implemented on 30 June 2022 due to conflicts with amendments introduced by P420
Change here
Another change here – was approved by BSC Panel at its meeting in October 2020 (307/06), well before the full P420 solution had been developed. The P420 legal text impacts the P375 approved legal text. Consequently, the P375 legal text cannot be implemented on 30 June 2022 due to conflicts with amendments introduced by P420
Acronyms and Defined Terms simple guide
Words or phrases (other than headings or titles) that are capitalised in these summaries generally appear as defined terms in the BSC (either in Section X or in context in the Section to which they relate).
BSC Framework Agreement simple guide
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Pool Supplement simple guide
The Pool Supplement sets out provisions for final settlement relating to trading under the Pooling and Settlement Agreement (P&SA) up to the introduction of the new wholesale trading arrangements on 27th March 2001; provisions for the satisfaction, performance and discharge of certain other rights and obligations of Pool Members accrued under the P&SA; the arrangements under which provisions in the P&SA are treated as applying between Parties; and the Panel and ELEXON’s roles and responsibility in relation to these matters.
Section A: Parties and Participation
Section A of the BSC deals with Parties and participation. The main issues covered include the capacities that a Party may have under the BSC; the arrangements for admission of new Parties; requirements for Parties to provide information to ELEXON, and to register with the Central Registration Agent (CRA); and provisions for withdrawal and expulsion from the BSC.