Glossary
This is not a comprehensive glossary but it outlines a large number of terms and acronyms found in the BSC or terms related to working within the electricity market. If a term is not represented in the Glossary and you need further advice about the term you are searching for, please contact the Communications Team.
All glossary terms
Settlement Period Duration Settlement Risks Settlement Run Shared SVA Meter Arrangement Shared SVA Metering System Short Term Operating Reserve Shortfall Amount Shortfall Creditor Significant Change of Demand Small Scale Third Party Generating Plant Small Scale Third Party Generating Plant Limit Sole Trading Unit SP04 Completion Date SP04 Exclusion Period Specified Assets and Equipment Specified SVA Charges Stable Export Limit Stable Import Limit Stage 2 Disputes Administrator Standard Settlement Class/Configuration How a Non Half Hourly meter is configured for settlement.
Standard Settlement Configuration Start Point Demand Control Level Sterling or £ STOR action STOR Action Price STOR Instructed Volume Submission Deadline Submitted Bid-Offer Pair Subsidiary Subsidiary Energy Account Subsidiary Party Supplemental Agreement Supplier Supplier Agent Supplier BM Unit Supplier Deemed Take Supplier Export Credit Assessment Load Factor Supplier Force Majeure Supplier ID Supplier Meter Registration Agent Supplier Meter Registration Service Supplier of Last Resort Supplier Purchase Matrix Supplier Settlement Run Supplier Volume Allocation Supplier Volume Allocation Agent Supplier Volume Allocation System Supplier’s Monthly Cap Supply Licence Surplus