Elexon was established on 1 August 2000 to manage the Balancing and Settlement Code (BSC) ahead of the New Electricity Trading Arrangements (NETA) that went live on 27 March 2001. Elexon acts as the Balancing and Settlement Code Company (BSCCo).

BSC defined definition

Defined and created by the Balancing and Settlement Code (BSC) in March 2001. A non-profit organisation responsible for managing the provision of the necessary central systems and services to give effect to the BSC rules and for managing the governance processes.

Further information

• About Elexon, its work and its roles