Band gap is the minimum energy required to excite an electron in the valence band to a state in the conduction band where it can participate in conduction[[Band Gap#^Ref-1|[1]]]. An important parameter in band theory is Fermi Level which is the chemical potential at
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Fermi Level is the term used to describe the top of the collection of electron energy levels at absolute zero temperature[[Band Gap#^Ref-2|[2]]]. According to the Pauli exclusion principle, electrons being fermions cannot exist in identical energy states. So, at absolute zero they pack into the lowest available energy states and build up a Fermi sea of electron energy states. The Fermi level is the surface of this sea of electron energy states.
http://hyperphysics.phy-astr.gsu.edu/hbase/Solids/band.html#c5 ^Ref-1
http://hyperphysics.phy-astr.gsu.edu/hbase/Solids/Fermi.html#c2 ^Ref-2