Glossary Term: Annual Default Costs
Elexon’s costs and the contracted costs of BSC Agents are paid for by BSC Parties as described in Section D of the BSC. The amount each BSC Party pays (Funding Shares) depends on their market role and the volume of energy they generate, supply or trade.
BSC defined definition
Means in relation to a BSC Year, means the aggregate of all unpaid amounts falling to be treated as BSC Costs in that BSC Year. has the meaning given to that term in Section D2.1.1;