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Balancing and Settlement Code
Guidance Notes
Party Novation
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CONTENTS
Introduction
0.1 What this document covers
0.2 Who should use this Guidance Note?
Party
Novation
What is
Party
novation?
Who can apply for a
Party
novation?
The
Party
novation process
0.1
Novation Fee
Novation Application Form
Agreement of Novation of a Contract
Who decides if a novation can take place?
0.1 Name change and other considerations
Appendix
0.1 Appendix A: Acronyms
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Market Entry: Party Novation V5.0
Effective From Date:
27/05/2025
Status:
LIVE
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