BSC Panel

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 in the generation, supply, sale and purchase of electricity.

BSC Panel functions include:

Ensuring that the BSC is given effect, according to its terms, and ensuring that BSC Parties comply with the BSC provisions.
Establishing Panel Committees of industry experts to carry out functions on its behalf, including establishing arrangements for resolving Trading Disputes arising under the BSC.
Deciding on the suspension of specific rights of any Defaulting BSC Party according to Section H of the BSC.
Overseeing changes to the BSC through the Modification process, and recommending to the Authority on whether Modification Proposals should be approved.
Adopting new and revised Code Subsidiary Documents (CSDs).
Determining values for trading parameters to be applied in the BSC, and recommending to the Authority in respect of others.
Acting as an appeal body in some instances, e.g. Trading Dispute Referrals.
Providing 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 must assess Modification Proposals against a defined set of criteria laid out in the Transmission Company’s Licence. These are known as the Applicable BSC Objectives.

Amongst its duties the Panel determines on trading parameters and has powers to ensure BSC Parties are complying with the BSC rules.

The BSC Panel, under normal circumstances, meets on a monthly basis. It will convene ad-hoc urgent meetings when required.

Panel Members must 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 are published in BSC Section B. Trading Parties elect Industry Panel Members for two-year terms. The last election was in 2010. The next will be in 2012. Click on the link below for more information on the election.

BSC Panel Members

Profiles of the current members – who have over 200 years of combined industry experience.

BSC Panel Election

The latest election of industry BSC Panel members was held over the summer of 2010.

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