Examples of BSC Parties in a sentence
The scope of Part 1 is limited to the definition and design of interfaces between the BSC Service System and the BSC Parties and their Agents.
In accordance with Section 8 of the CUSC, CUSC Parties, BSC Parties, the Citizens Advice and the Citizens Advice Scotland may also raise a Workgroup Consultation Alternative Request.
A common format is used for data files transferred between the Central Services and the BSC Parties and their Agents.
Additionally we shall, if directed by the Authority, and in any event at least once a year, review the Balancing Principles Statement in consultation with BSC Parties and other interested parties likely to be affected by the Balancing Principles Statement.
Generators (or the BSC Parties acting on their behalf (i.e. suppliers operating on behalf of embedded generators) should satisfactorily set up their metering and/or IT systems consistent with Section K and L of the BSC code to accurately measure their metered flows and to ensure their CfD assets are included in the BM Unit(s) associated with their CfD contract (which must not include other non-CfD assets).
For the avoidance of doubt, BSC Parties are expected to contact the TC as soon as they become aware of any potential issues.
Powergen provides this response on behalf of itself and the following BSC Parties: Powergen Energy plc, Diamond Power Generation Limited, and Cottam Development Centre Limited.
Furthermore, a large exposure to an extreme marginal Energy Imbalance Price could lead to a Party incurring imbalance charges far in excess of its Credit Cover, creating consequential risk for all other BSC Parties.
Furthermore, the material doubt guidelines should recommend that BSCCo provide the relevant Party with an indication of the materiality of the discrepancy as soon as the evidence has been assessed, providing a degree of certainty.BSCCo must verify the material doubt on receipt the Credit Default notice, to ensure that all circumstances merit the application of material doubt, in order to protect BSC Parties from the risk associated with a defaulting Party.
As this Modification is a change to the Energy Imbalance Calculation, this is a significant change to one of the main tenets of the BSC Arrangements that will impact Settlement for all BSC Parties.