The Balancing and Settlement Code (BSC) provides arrangements for UK electricity suppliers to balance and settle energy in Great Britain.
The Balancing part of the code enables registered parties to make National Grid notifications to either buy or sell electricity on the energy market. These trades are done as close to real time as possible to ensure market balance is maintained.
The Settlement part of the code measures any imbalance between a suppliers contracted energy position and the metered energy position of suppliers and generators. The difference between these are classed as settlement imbalances.
All UK Electricity Suppliers must be party to the BSC, due to the complicated nature of the code many New Market Entrants choose to use a consultancy such as Dyball Associates Ltd to guide them through the process.
Our team of energy market consultants can guide you through the steps to enter the UK energy market.
Whether you’re looking for electricity and gas systems or support on starting an energy supply company, Dyball Associates Ltd can help.