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Balancing and Settlement Code BSC PROCEDURECHANGES TO MARKET DOMAIN DATABSCP509 Appendix 1: MDD Entity Change Request FormsVersion 22.0Date: 30 June 2016BSC Procedure 509 Appendix 1 relating to Market
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Balancing and settlement code is a unique identifier used in the energy industry to track energy transactions between parties.
Market participants in the energy industry such as generators, suppliers, and distributors are required to file balancing and settlement code.
Balancing and settlement code can be filled out electronically through the designated platform provided by the regulatory body.
The purpose of balancing and settlement code is to ensure accurate tracking and settlement of energy transactions to maintain fairness in the market.
Information such as transaction details, parties involved, energy volume, pricing, and timing must be reported on balancing and settlement code.
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