Episode description

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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