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UK electrical grids course
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Module 12
Module 12: Market Infrastructure and Settlement
1
Wholesale Electricity Trading Platforms
Describe the role and operation of wholesale electricity trading platforms (e.g., N2EX, EPEX SPOT).
2
Understanding the BSC and Elexon's Role
Describe the purpose and structure of the Balancing and Settlement Code (BSC) and the role of Elexon as its administrator.
3
Electricity Settlement: From Flow to Funds
Explain the high-level electricity settlement process, covering the journey from physical energy flow to financial settlement.
4
Metering Data in Settlement
Describe how metering data is collected, validated, and used in the settlement process.
5
Electricity Metering Systems Explained
Explain the different categories of electricity meters and metering systems (Half-Hourly vs Non-Half-Hourly settlement).
6
Smart Metering's Role in Energy Data Modernization
Describe the role of smart metering infrastructure (SMETS meters, DCC) in modernizing energy data collection.
7
Imbalance Settlement and Forecasting Incentives
Explain the imbalance settlement process and how imbalance charges incentivize accurate forecasting.
Previous module
Module 11: UK Electricity Market Design
Next module
Module 13: Regulatory Framework and Support Mechanisms