Balancing Market Rules

The Market Rules consist of the latest approved Trading and Settlement Code, Agreed Procedures and any approved Modifications which have not yet been incorporated into the main body of the Code or the Agreed Procedures.

Codes and procedures

Click below to see full links to each part of the Trading and Settlement Code and Agreed Procedures.

Trading and Settlement Code Part A

Agreed Procedures Part A

Trading and Settlement Code Part B

Agreed Procedures Part B

Trading and Settlement Code Part C

TSC Part C Transitional Arrangements

Proposals in effect on the baseline

It is important to note that a Modification may become effective before the published draft of the Code is amended to include the Modification. Please see Modification Proposals currently in effect on the baseline below.

Mod ID	Title	Mod Status	Stage	Section Affected	Effective Date
Mod_04_22	Alternatives to LIBOR Mod_04_22AlternativestoLIBOR.pdf Mod_04_22AlternativestoLIBOR.pdf Mod_04_22DecisionLetter.pdf FRRMOD_04_22version2.0.pdf RevisedDecisionLetteronMod_04_22.pdf	RA Decision: Approved (Not Vetoed)	Active	Agreed Procedure 15,T&SC Glossary	11/03/2022
Mod_03_22	Collection of Monies Mod_03_22-CollectionofMonies.pdf Mod_03_22CollectionofMoniesv2.pdf Mod_03_22Presentation.pptx Mod_03_22DecisionLetter.pdf FRRMOD_03_22version2.0.pdf	RA Decision: Approved (Not Vetoed)	Active	Section G	14/03/2022
Mod_01_22	Balance Surety_Demand Guarantee Mod_01_22BalancingSurety_DemandGuarantee.pdf Mod_01_22PartBAP17FinalLegalDrafting.pdf Mod_01_22PartBGlossaryFinalLegalDrafting.pdf Mod_01_22DemandGuaranteePresentation.pdf Mod_01_22PartBAppendicesFinalLegalDrafting.pdf Mod_01_22PartBAP09FinalLegalDrafting.pdf Mod_01_22PartBAP15FinalLegalDrafting.pdf Mod_01_22PartBTradingandSettlementCodeFinalLegalDrafting.docx DecisionLetteronMod_01_22.pdf FRRMOD_01_22version2.0.pdf	RA Decision: Approved (Not Vetoed)	Active	Section G,T&SC Appendix A,T&SC Glossary	16/05/2022
Mod_20_21	Undo Instruction Scenario 2 Mod_20_21UndoInstructionScenario2.pdf MOD_20_21andallundoscenarios.pptx MOD_20_21andallundoscenarios.pdf MOD_20_21andallundoscenarios-overpymentexample.pdf Mod_20_21DecisionLetter.pdf FRRMOD_20_21version2.0.pdf	RA Decision: Approved (Not Vetoed)	Active	T&SC Appendix O	14/03/2022
Mod_19_21	Modification re Publication of Information by SEMO Mod_19_21ModificationrePublicationofInformationbySEMO.pdf Mod_19_21RADecisionLatter.pdf FRRMOD_19_21version2.0.pdf	RA Decision: Approved (Not Vetoed)	Active	Section B	09/02/2022
Mod_02_21	Setting a flag for Interconnector Actions above 500/Mwh Mod_02_21-Settingofflagforspecificinterconnectoractions.pdf Mod_02_21Settingofflagforspecificinterconnectoractions-Presentation.pptx Mod_01_21Mod_02_21andMod_04_21TermsofReferencev2.0.pdf Mod_02_21Settingofflagforspecificinterconnectoractions-v2.pdf Mod_01_21Mod_02_21andMod_04_21WorkingGroupReportv2.0.pdf DecisionLetteronMod_02_21.pdf FRRMod_02_21v2.0.pdf	RA Decision: Approved (Not Vetoed)	Active	Appendix N,Section F	26/01/2022
Mod_01_20	PMEA No Energy Action Same Direction as NIV Mod_01_20PMEANoEnergyActionSameDirectionasNIV.docx Mod_01_20-PMEANoEAPresentation.pptx SummaryofPMEAPRBOmodpricetimeseriesdistributionsandmetrics-final.xlsx FRRMod_01_20version2.0.pdf Mod_01_20DecisionLetter.pdf	RA Decision: Approved (Not Vetoed)	Active	Section E	18/05/2022