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Bid-offer data
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Bid-offer data
Practical Law UK Glossary w-001-8496
(Approx. 3 pages)
Glossary
Bid-offer data
The information that must be submitted to the national electricity transmission system operator (NETSO) by a
generator
, and others who are parties to the
Balancing and Settlement Code
(BSC), to indicate the amount by which that party can increase or decrease generation in return for payment in any given
settlement period
. For more information, see
Practice note, Electricity industry: overview: What is the balancing mechanism?
.