{"id":12057,"date":"2012-02-20T22:37:56","date_gmt":"2012-02-20T22:37:56","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?post_type=glossary&#038;p=12057"},"modified":"2025-01-07T16:30:22","modified_gmt":"2025-01-07T16:30:22","slug":"settlement","status":"publish","type":"glossary","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/settlement\/","title":{"rendered":"Settlement"},"content":{"rendered":"<h2 id=\"bsc-defined-definition\">BSC defined definition<\/h2>\n<p>The determination and settlement of amounts payable in respect of Trading Charges (including Reconciliation Charges) in accordance with the Code (including where the context admits Volume Allocation).<\/p>\n<h2 id=\"bsc-documentation\">BSC documentation<\/h2>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/the-bsc\/bsc-section-x-annex-x-1-general-glossary\/\" data-wpel-link=\"internal\">BSC Section X, Annex X-1<\/a><\/li>\n<\/ul>\n<h2 id=\"further-information\">Further information<\/h2>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/\">About Settlement and invoicing<\/a><\/li>\n<\/ul>\n\n","protected":false},"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","inline_featured_image":false},"tags":[],"class_list":["post-12057","glossary","type-glossary","status-publish","hentry"],"acf":[],"semantic_search":{"post_id":12057,"title":"Settlement","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/settlement\/","categories":[],"tags":[],"content":"\n\n\n<div class=\"panel-content\">\n\t<p>Contract notifications, bids and offers, and other data, is sent to BSC Central Services for Imbalance Settlement. At the end of a Settlement Period, BSC Systems compare a Party&#x2019;s contracted (traded) volume with the metered volume of energy used in the Settlement Period. Settlement is how financial charges are calculated and settled.<\/p>\n\n\t<h2 id=\"bsc-defined-definition\">BSC defined definition<\/h2>\n<p>The determination and settlement of amounts payable in respect of Trading Charges (including Reconciliation Charges) in accordance with the Code (including where the context admits Volume Allocation).<\/p>\n<h2 id=\"bsc-documentation\">BSC documentation<\/h2>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/the-bsc\/bsc-section-x-annex-x-1-general-glossary\/\" data-wpel-link=\"internal\">BSC Section X, Annex X-1<\/a><\/li>\n<\/ul>\n<h2 id=\"further-information\">Further information<\/h2>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/\">About Settlement and invoicing<\/a><\/li>\n<\/ul>\n\n<\/div>","s3_url":""},"_links":{"self":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary\/12057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/types\/glossary"}],"version-history":[{"count":2,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary\/12057\/revisions"}],"predecessor-version":[{"id":214135,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary\/12057\/revisions\/214135"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=12057"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=12057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}