balancing and settlement code

Elexon, the company that manages the balancing and settlement code (BSC), will reduce the financial exposure faced by large energy storage facilities.

Elexon has implemented a rule change that allows independent aggregators of electricity to register to participate in the wholesale electricity market.

​Sara Vaughan has taken on the role of interim chief executive of Elexon following Mark Bygraves stepping down.

All Balancing and Settlement Code (BSC) data is now presumed open, allowing individuals to request it be made openly available even if they are not a BSC Party.

Visibility issues at the boundary point led to the P375 Balancing and Settlement Code (BSC) modification P375 being raised last year, with administrator Elexon looking to go "one step beyond"​ previous modifications to allow individual asset meters to be used for settlement purposes.

​Elexon has outlined its priorities for 2021/22 in its draft business plan for the year, with its new platform Kinnect at the forefront of its activities.