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About Us
ELEXON delivers the Balancing and Settlement Code (BSC); our services are critical to the successful operation of Great Britain’s electricity trading arrangements.
We handle over £500 million of our customers’ funds each year and interact with over 200 companies in the electricity industry. They, in turn, supply over 28 million customers.
Our expertise
As part of our role in ensuring that residential and business electricity settlement takes place, we are experts in procuring and managing contracts for the systems and processes we manage. We’ve implemented and developed one of Great Britain’s largest energy industry codes, and continue to handle its day-to-day governance. And we enforce performance standards, targets and other obligations so our customers have confidence that the BSC works efficiently and fairly.
Over the past 10 years, we’ve managed extensive industry change: developing and introducing the NETA arrangements and rolling out the BSC into the Scottish market in 2005 (BETTA). We regularly review and re-procure our large contracts (worth over £226 million altogether), and constantly update the BSC.
We are now perfectly placed to help the industry meet the challenges that it faces.
How is ELEXON looking to the future?
We’re consulting widely on smart metering and smart grids, looking at how any proposed changes may affect settlement and our customers, and proactively proposing solutions.
We’re also considering the impact of the low-carbon economy, and particularly the challenges that electrifying transport and relying more on renewable energy sources will bring.