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What happens when a BSC Party does not adhere to certain conditions in the BSC?

April 26, 2017adhere BSC certain Conditions happens party

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What happens when a BSC Party does not adhere to certain conditions in the BSC?

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Under the terms of the Balancing and Settlement Code, the BSC Panel has certain decision-making powers. This includes taking decisions on how to deal with a BSC Party that is in Default of the BSC. The options open to the BSC Panel in taking decisions are set out in Section H of the BSC and include: suspension of the rights of the Defaulting Party (such as notification of contract and metered volumes), naming of the Defaulting Party to all other BSC Parties and, in extreame cases, expulsion from the BSC.