How is electricity traded? And what is 'imbalance settlement'? The Balancing and Settlement Code, or BSC, is a document outlining the rules of the balancing mechanism and imbalance pricing in Great Britain. In today's episode, Quentin speaks to Aditi Tulpule, Legal Counsel at Elexon - the organisation that manages imbalance pricing and payment. In this episode they discuss:

A brief history of the BSC, how it works, and why it's integral to the smooth running of the balancing mechanism.
The importance of data transparency in our newly decentralised, increasingly real-time energy system.
Why innovation and collaboration are vital when it comes to creating market environments that work for all parties.
Recent regulatory changes that participants need to be aware of (including where energy storage fits into the 'generation vs. supply' categorisation).
And, of course, Elexon's role in all of the above.

Find Aditi on LinkedIn: linkedin.com/in/aditi-tulpule-4693448

Elexon is a not-for-profit entity, funded by electricity market participants. It was established to manage the Balancing and Settlement Code. For more information on Elexon, head to: https://www.elexon.co.uk/

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16 - Behind the Balancing and Settlement Code with Aditi Tulpule (Legal Counsel @ Elexon)

Transmission

16 - Behind the Balancing and Settlement Code with Aditi Tulpule (Legal Counsel @ Elexon)