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Proposed changes to BSCP41: 1.3 Key Milestones Throughout this procedure the key milestones are referred to in relation to numbers of Working Days (WD), unless specified otherwise. Changes to Party
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Companies involved in energy trading and supply. Balancing and settlement codes ensure fair and efficient trading practices, ensuring accurate balancing and settlement of energy supplies.
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Balancing and settlement code is a unique identifier used in the energy industry to track and allocate costs associated with balancing supply and demand.
Energy suppliers and distributors are required to file balancing and settlement code.
Balancing and settlement code is filled out using specific software provided by regulatory authorities.
The purpose of balancing and settlement code is to ensure accurate tracking and allocation of costs in the energy industry.
Information such as energy production, consumption, and costs must be reported on balancing and settlement code.
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