Examples of BSC Auditor in a sentence
The 50% tolerance associated with the TLFA, Load Flow Model Reviewer and BSC Auditor operational costs reflects the uncertainty associated with these costs in the absence of available impact assessments from these organisations.
The requirement for the BSC Auditor to undertake the BSC Audit is set out in Section H5.1.1 of the Balancing and Settlement Code (the “Code”).
The audit trail system design shall be subject to the approval of the BSC Auditor.
Audit trails may be archived but shall be available for inspection to the BSC Auditor.
However, it should be noted that, as a consequence of the commercial nature of the ‘bodies’ who are likely to be MIDP’s, the scope of the BSC Auditor will be limited to the matters in any contract for provision of the Market Index Data, and / or compliance with the Definition Statement.Again, as Market Index Data is utilised for Settlement purposes, it is expected that the scope of Trading Disputes would be extended to cover adherence to the Definition Statement in the provision of the information.
The Group felt that if it was appropriate for the BSC Auditor to attend meetings of the REG (e.g. to explain or provide background on the Audit report), then the BSC Auditor could be invited to attend meetings of the REG.
The BSC Auditor costs were estimated by BSCCo, and were based on the annual operational costs of extending the BSC Audit Scope to include the MIDPs in 2002/2003.In addition to the central costs shown in the table, the Transmission Company estimated that it would incur£40,000 per annum in ongoing operational costs as a result of the Proposed Modification.
This will be confirmed when the legal text is finalised.BSC Auditor Service DescriptionThe BSC Auditor Service Description would need to be updated to ensure that it is flexible enough to allow a risk based approach to assurance.
Housekeeping]5.1.15.1 The ‘Service Levels Milestones’ which the BSC Auditor is required to achieve shall be set out in the Annual Programme of BSC Audit Activities.
The designated actions shall be such as to ensure that the BSC Auditor can avoid or mitigate the effects of such situation and ensure the restoration and continuity of the services provided by the BSC Auditor and the performance of its obligations in accordance with the BSC Audit and Qualification Agreement.