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
Generating Unit Generation Capacity Generation Licence Generator Compensation Instruction Go-live Date Good Industry Practice Great Britain Grid Code Grid Supply Point The connection between the Transmission and Distribution Systems is known as a Grid Supply Point (GSP).
Gross Contract MWh Group Correction Factor Group of GSPs GSP Group GSP Group Correction Scaling Factor GSP Group Distributor GSP Group liability cap GSP Group Metered Volume GSP Group Profile Class Average EAC GSP Group Take Half Hourly Data Aggregator Half Hourly Data Collector Half Hourly Generation by Fuel Type Half Hourly Meter Half Hourly Meter Operator Half Hourly Metering Equipment Half Hourly Metering System High Grade Service High Level Impact Analysis High Reference Initial National Demand Out-Turn Daily ID Transfer Date ID Transferee ID Transferor Identifier Imbalance Implementation Date Implementation Scheme Import Indicated Constraint Boundary Margin Indicated Demand Indicated Generation Indicated Imbalance Indicated Margin Indicative Loss of Load Probability Indicative Net Imbalance Volume Indicative Period Balancing Mechanism Bid Cashflow Indicative Period Balancing Mechanism Offer Cashflow Indicative Period BM Unit Total Accepted Bid Volume Indicative Period BM Unit Total Accepted Offer Volume Indicative System Buy Price Indicative System Sell Price