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BSC Panel and Panel Committees
The BSC places an obligation on the BSC Panel to ensure that the provisions of the
BSC are given effect: fully, promptly, fairly, economically, efficiently, transparently
and in such a manner as will promote effective competition in the generation, supply,
sale and purchase of electricity.
BSC Panel functions include:
- Taking steps to ensure that the BSC is given effect in accordance with its terms,
and ensuring that BSC Parties comply with the provisions of the BSC.
- Establishing Panel Committees of industry experts to carry out functions on its
behalf, including establishing arrangements for the resolution of Trading Disputes
arising under the BSC.
- Deciding on the suspension of specific rights of any Defaulting BSC Party in accordance
with Section H of the BSC.
- Overseeing the changes to the BSC through the Modification process and making recommendations
to the Authority on whether Modification Proposals should be approved.
- Adopting new and revised Code Subsidiary Documents (CSDs).
- Determining values for certain trading parameters to be applied in the BSC and making
recommendations to the Authority in respect of others.
- Acting as an appeal body in some instances, e.g. Trading Dispute Referrals.
- Providing or arranging for the provision of reports and other information to the
Authority.
- Setting the terms of reference for the BSC Auditor and considering the BSC Audit
Report.
- Approving the Business Strategy prepared by ELEXON for each BSC Year.
The BSC Panel is required to assess Modification Proposals against a defined set
of criteria enshrined in the Transmission Company’s Licence. These are known as
the Applicable BSC Objectives.
Panel Members are required to act impartially and not be representative of any one
Party or class of Parties. A full list of the BSC Panel functions and details of
the Applicable BSC Objectives can be found in BSC Section B. The Industry
Panel Members are elected by Trading Parties for two-year terms. The last
election was in 2006. The next will be summer 2008. Email
communications@elexon.co.uk for more information on the elections.
Panel Committees
The Panel has established five Panel Committees to support it in fulfilling its
various duties:
Information and documentation relating to BSC Panel and Panel Committee meetings
can be accessed by selecting a link alongside. For information on joining
a Committee refer to the link under the Panel Committees section.
New statutory duties introduced by the provisions of the Energy Act 2004
Section 3A of the Electricity Act 1989 contains a number of principal objectives
and general duties which must be considered by the Secretary of State for Trade
& Industry and the Gas and Electricity Market’s Authority when carrying out
their respective functions under Part I of the Electricity Act. The Energy Act 2004
inserts two new duties in section 3A of the Electricity Act. For further details
about these new duties download the letter issued by Ofgem on 8 November 2004,
New statutory duties introduced by the provisions of the Energy Act 2004 (81Kb)
in PDF format.