Can the Balancing and Settlement Code be altered?
Yes, a process for modifying the Balancing and Settlement Code (BSC) exists, which is set out in Section F of the BSC. Any BSC Party (except ELEXON) and the consumer organisation, the National Consumer Council, can raise a Modification Proposal and in limited circumstances, the BSC Panel. Modification Groups are set up to evaluate and define Modification Proposals. Modification Groups consist of industry experts, a member appointed by the party proposing the Modification Proposal, a National Grid Transco employee and ELEXON employees. Modification Proposals follow a defined set of procedures and Modification Groups are responsible for providing the necessary reports that the BSC Panel needs in order to make its recommendations. All Modification Proposals are consulted upon by the industry and responses to these consultations are factored into the relevant reports as these views are critical in assisting the BSC Panel and Ofgem in reaching recommendations and decisions. The BSC Panel as
