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The Pool consists of Pool Members, Parties and Service Providers (who are
also Parties to the Pooling and Settlement
Agreement (P&SA)). Parties to the Pool include potential Pool Members and Service Providers. A Party accedes to the P&SA but
is not entitled to trade. Becoming a Party is the first step in the process of joining the Pool. Before being able to trade in the electricity market you need to become a Pool Member which
involves satisfying the terms of the P&SA. Pool Members are entitled to trade electricity either as a Generator, Supplier or both. The Service Providers supply services which assist in the operation of the Pool and they are bound by the terms of the
P&SA. The roles are fulfilled by subsidiaries of the National Grid Company. A number of obligations must be satisfied prior to becoming a Party or
Pool Member. The CEO's Pool Membership Administrator (PMA) co-ordinates
the membership process and ensures that all conditions of membership are
satisfied. |
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