{"id":194249,"date":"2023-02-02T16:10:56","date_gmt":"2023-02-02T16:10:56","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?page_id=194249"},"modified":"2025-01-24T16:25:43","modified_gmt":"2025-01-24T16:25:43","slug":"settlement","status":"publish","type":"page","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/","title":{"rendered":"Settlement & Invoicing"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":351,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","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,"footnotes":""},"tags":[],"class_list":["post-194249","page","type-page","status-publish","hentry"],"acf":[],"semantic_search":{"post_id":194249,"title":"Settlement & Invoicing","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/","categories":[],"tags":[],"content":"
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This page sets out the various areas that are important when understanding the balancing and settlement processes when trading in the GB electricity market.<\/p>\n\n <\/div>\n\n\n

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Settlement<\/h2>\n

For each half hour, known as a Settlement Period, companies can trade up to 1 hour beforehand that time period is closed. This is known as Gate Closure.<\/p>\n

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Following Gate Closure, National Grid uses the Balancing Mechanism to balance the system. Contract notifications, bids and offers, and other data, is sent to BSC Central Services for Imbalance Settlement.<\/p>\n

Video on the Introduction to Imbalance Settlement<\/h3>\n\t\n\t\t\n\t\t
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