Elexon | Delivering the Balancing and Settlement Code (BSC) - Elexon BSC

Time 2021-06-27 08:36:25

Web Name: Elexon | Delivering the Balancing and Settlement Code (BSC) - Elexon BSC

WebSite: http://www.elexon.co.uk

ID:185766

Keywords:

the,Balancing,Elexon,

Description:

BSC explainedBSC explainedThe Balancing and Settlement Code (BSC) is a legal document which defines the rules and governance for the balancing mechanism and imbalance settlement processes of electricity in Great Britain. The Balancing and Settlement Code Company (BSCCo) is administered by Elexon.Read MoreGo Back - BSC explainedBSC explainedBSC explainedThe Balancing and Settlement Code (BSC) is a legal document which defines the rules and governance for the balancing mechanism and imbalance settlement processes of electricity in Great Britain. The Balancing and Settlement Code Company (BSCCo) is administered by Elexon.Read MoreIndustry-wide changes to the electricity marketIndustry-wide changes to the electricity marketThis page highlights these industry-wide changes and will enable companies to understand when and how the changes will become operational.Read MoreAbout Elexon, its work and its rolesAbout Elexon, its work and its rolesElexon compares how much electricity generators and suppliers say they will produce or consume with actual volumes. We work out a price for the difference and transfer funds. This involves taking 1.25 million meter readings every day.Read MoreIndustry ConsultationsIndustry ConsultationsElexon monitors and responds to industry-wide consultations that may have an impact on the provisions in the BSC, on Elexon, or on our customers. We also publish consultations on proposed changes to our processes.Read MoreGo Back - Industry ConsultationsIndustry ConsultationsIndustry ConsultationsElexon monitors and responds to industry-wide consultations that may have an impact on the provisions in the BSC, on Elexon, or on our customers. We also publish consultations on proposed changes to our processes.Read MoreBalancing Settlement CodeBalancing Settlement CodeThis page includes individual sections of the Balancing and Settlement Code (BSC) as well as a consolidated version of the current operational BSC and a legal version.Read MoreBSC Procedures (BSCPs)BSC Sandbox ProcedureBusiness Definition DocumentsCodes of PracticeInterface Definition DocumentsParty Service LineService DescriptionsUser Requirement SpecificationsOther Documents: Category 3Other Documents: Category 3Category 3 documents include: – Code Subsidiary Documents Architectural Principles – Demand Capacity Generation Capacity Review Determination – Limit SVA Connection for SMRS Registered Primary BM Units Where Plant and/or Apparatus is Registered in another (CVA) Primary BM Unit – Loss of Load Probability Calculation Statement – Market Index Definition Statement for Market Index Data Provider(s) – Replacement Reserve Schedule Methodology – Self Assessment Documents – Qualification Process for SVA Parties, SVA Party Agents and CVA MOAsRead MoreGo Back - Other Documents: Category 3Other Documents: Category 3Other Documents: Category 3Category 3 documents include: – Code Subsidiary Documents Architectural Principles – Demand Capacity Generation Capacity Review Determination – Limit SVA Connection for SMRS Registered Primary BM Units Where Plant and/or Apparatus is Registered in another (CVA) Primary BM Unit – Loss of Load Probability Calculation Statement – Market Index Definition Statement for Market Index Data Provider(s) – Replacement Reserve Schedule Methodology – Self Assessment Documents – Qualification Process for SVA Parties, SVA Party Agents and CVA MOAsRead MoreGo Back - ChangeChangeChangeThe BSC Change process is used to progress changes to the BSC arrangements in response to any concerns, problems or defects that Parties may identify in the current processes. Under these processes, changes can be made to the Balancing and Settlement Code, its Code Subsidiary Documents and to BSC Systems.Read MoreGo Back - ModificationsModificationsModificationsA Modification is raised in order to progress changes that would alter any part of the BSC. Any CSDs or BSC Systems impacted by the proposed changes would also be updated as part of the ModificationRead MoreChange ProposalsChange ProposalsA CP is a detailed proposal which is raised in order to amend CSDs and/or BSC Systems, but would not alter the BSC. A CP must have a clear aim, a single defined solution and contain the relevant redlined documentation changes.Read MoreGo Back - Change ProposalsChange ProposalsChange ProposalsA CP is a detailed proposal which is raised in order to amend CSDs and/or BSC Systems, but would not alter the BSC. A CP must have a clear aim, a single defined solution and contain the relevant redlined documentation changes.Read MoreList of ReleasesList of ReleasesThe Releases process is part of the BSC change procedure and includes information about where changes are being introduced, how they impact on certain areas of the industry and whether your systems will need to undergo tests to ensure they are up-to-date and meet required standards.Read MoreGo Back - Committees & GroupsCommittees & GroupsCommittees & GroupsThe BSC Panel has established six Panel Committees to support it in fulfilling its various duties, and a number of industry groups also meet regularly to discuss issues arising from the BSC.Read MoreIndustry ConsultationsIndustry ConsultationsThis page lists all Consultations relating to Operations and Settlement. The consultations allow Elexon to gather feedback from the industry about proposed changes so that any concerns are considered as part of our processes.Read MoreMarket-wide Half Hourly Settlement HubBSC Central ServicesBSC Central ServicesThis page explains the various systems and agents used in the Imbalance Settlement process. You can also find out about the BSC Party digital platform, Elexon Kinnect that hosts a range of tools regarding managing accounts, settlement operations and data insights.Read MoreGo Back - BSC Central ServicesBSC Central ServicesBSC Central ServicesThis page explains the various systems and agents used in the Imbalance Settlement process. You can also find out about the BSC Party digital platform, Elexon Kinnect that hosts a range of tools regarding managing accounts, settlement operations and data insights.Read MoreBalancing SettlementBalancing & SettlementContract notifications, bids and offers, and other data, is sent to BSC Central Services for Imbalance Settlement. At the end of a Settlement Period, BSC Systems compare a Party’s contracted (traded) volume with the metered volume of energy used in the Settlement Period. If a Party is in imbalance of its contracted volume, then itMore…Read MoreGo Back - Balancing & SettlementBalancing & SettlementBalancing & SettlementContract notifications, bids and offers, and other data, is sent to BSC Central Services for Imbalance Settlement. At the end of a Settlement Period, BSC Systems compare a Party’s contracted (traded) volume with the metered volume of energy used in the Settlement Period. If a Party is in imbalance of its contracted volume, then itMore…Read MoreTrading Disputes and DecisionsBalancing Mechanism UnitsBalancing Mechanism UnitsBalancing Mechanism (BM) Units are used as units of trade within the Balancing Mechanism. Each BM Unit accounts for a collection of plant and/or apparatus, and is considered the smallest grouping that can be independently controlled.Read MoreGo Back - Balancing Mechanism UnitsBalancing Mechanism UnitsBalancing Mechanism UnitsBalancing Mechanism (BM) Units are used as units of trade within the Balancing Mechanism. Each BM Unit accounts for a collection of plant and/or apparatus, and is considered the smallest grouping that can be independently controlled.Read MoreMeteringMeteringMetering Systems accurately record the flow of electricity to (an Import) or from (an Export) a site. Elexon uses Metering System data to calculate energy imbalance charges. These charges are applied to BSC Parties who use more or less energy than they have contracted to buy or generate.Read MoreGo Back - MeteringMeteringMeteringMetering Systems accurately record the flow of electricity to (an Import) or from (an Export) a site. Elexon uses Metering System data to calculate energy imbalance charges. These charges are applied to BSC Parties who use more or less energy than they have contracted to buy or generate.Read MoreGo Back - DataDataDataThis section lists all the areas on the BSC website and supporting websites where you can access data. You can also see the various monthly reports that we produce, which are based on the large amounts of data we generate.Read MoreGo Back - Market Domain DataMarket Domain DataMarket Domain DataMarket Domain Data is the central repository of reference data used by Suppliers, Supplier Agents and Licensed Distribution System Operators (LDSOs) in the retail electricity market. It is essential to the operation of Supplier Volume Allocation (SVA) Trading Arrangements.Read MoreGo Back - Market Entry ComplianceMarket Entry ComplianceMarket Entry ComplianceThis page includes information on the process of entering the electricity market. It will also tell you all about the different ways that we monitor and manage your performance against your requirements and obligations within the Balancing and Settlement Code (BSC).Read MoreGo Back - Performance AssurancePerformance AssurancePerformance AssurancePart of Elexon’s role as administrator of the BSC is to monitor the compliance of all BSC parties and to run Performance Assurance activities. There are a number of techniques that Elexon uses to confirm compliance or identify issues that may need to be addressed.Read MoreExemptions and transfersExemptions and transfersWithin the BSC there are a number of different processes that enable companies to obtain metering dispensations, transfer BM Units, apply for derogations or experience the removal of qualifications.Read MoreGo Back - Exemptions and transfersExemptions and transfersExemptions and transfersWithin the BSC there are a number of different processes that enable companies to obtain metering dispensations, transfer BM Units, apply for derogations or experience the removal of qualifications.Read MoreCalendar of events and meetings relating to BSC committees, change process and IT notices that may impact data supply or availability.Read MoreCOVID-19Services are being delivered as usual during this unprecedented time and we have contingency plans if there are further disruptions. Should any major changes occur, we will notify customers via our regular channels. See the latest updates regarding Elexon and the BSC - Coronavirus (COVID-19) information.Join the seminar and hear from the Energy Minister and othersOur annual BSC seminar takes place from 14:00 to 16:00 on 8 July 2021, where you will hear from the Energy Minister and other senior industry figures. Elexon s senior leadership team will be providing an overview of our performance over 2020/21 and explaining how we have supported progress to net zero.You will also be able to vote to appoint the Board Directors.My BSCClick on the X next to any of the icons to replace them with a short-cut link to the page you are currently on or search for a specific page.View our cookie policy.The default cookie policy on this website is set to "allow all cookies". However, you can change your settings at any time by clicking on Change Settings in your browser. Our cookies do not contain any personal or sensitive information and we only use them to improve the customer experience of the website. If you are happy to continue using the website without changing these settings you consent to our default cookie policy.

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Elexon administer the Balancing and Settlement Code (BSC) and provide and procure the services needed to implement it. We compare how much electricity generators and suppliers say they will produce or consume with actual volumes. We then work out a price for the difference and transfer funds.

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