Glossary Term: Party Funded Costs
Party Funded Costs refer to the expenses that parties involved in the Balancing and Settlement Code (BSC) must cover. These costs are primarily associated with the operation and administration of the electricity trading arrangements managed by Elexon. These include Elexon’s operational costs, contracted costs of BSC Agents, and other related expenses.
BSC defined definition
1998 Programme Costs, Pool NETA Costs BETTA Support Costs and Scottish Operational Run-Off Costs; has the meaning given to that term in Section D.
BSC documentation
- BSC Section D: BSC Cost Recovery and Participation Charges
- Simple Guides on Section D: BSC Cost Recovery and Participation Charges