Who we are

Four key groups of people work together to make sure our governance, strategy, and operational delivery combine to deliver an outstanding service for our customers.

Our Board

The ELEXON Board is responsible for our corporate governance, oversees our procurement process, approves major projects and our annual budget, and guides ELEXON’s strategic direction.

The six members of the Board have a strong mix of multi-disciplinary experience and a composition that follows corporate governance best practice.

Our Board meets monthly. Read the Board headline reports.

Click images to see full profiles.

Michael Gibbons

ELEXON Board and BSC Panel Chairman

Michael brings with him a wide range of industry experience, having spent 11 years at director level with Powergen.

Volker Beckers

Industry Non-Executive Director

Volker is an industry Non-Executive Director and former Group CEO of RWE Npower.

Alison Chappell

Industry Non-Executive Director

Alison, a highly experienced manager brings substantial operational management and consulting experience. She has worked across a wide range of sectors, managing leading brands with multi-million pound budgets and providing consultancy advice to major companies.

Clare Duffy

Industry Non-Executive Director

Clare brings extensive industry knowledge to the ELEXON Board in particular her experience working for an independent generator in the market.

David Rigney

Senior Independent Director

David is a qualified accountant with wide ranging experience across Finance, IT, Customer Service and Corporate Governance.

Gillian Wilmot

Independent Non-Executive Director

Gillian is an experienced non-executive director on a wide range of boards for leading companies

Other Board attendees

  • Nick Brown – Company Secretary and Legal Advisor
  • Executive Team

The BSC Panel

The Balance and Settlement Code (BSC) Panel oversees the management, implementation and development of the BSC. It brings together stakeholders from across the electricity industry, including Ofgem, National Grid, BSC Parties and consumer representatives, focused on ensuring that the BSC is delivered efficiently, economically, effectively, fairly and transparently.

The Panel oversees changes to the BSC and approves the strategy element of ELEXON’s annual Business Plan. To support this process, the BSC Panel has identified its strategic priorities in a Panel Strategy and incorporated a Strategic Work Programme that addresses these priorities though 2015/16 and beyond. Both the Strategy and Work Programme feeds directly into the development of the annual BSCCo business plan and will inform the work of the Panel, its Committees and ELEXON going forward.

Find out more about the Panel’s functions and membership.

Panel committees

There are six committees made up of industry experts established by the Panel to oversee specific areas of BSC activity.

  1. Credit Committee (CC)
  2. Imbalance Settlement Group (ISG)
  3. Performance Assurance Board (PAB)
  4. Q8
  5. Supplier Volume Allocation Group (SVG)
  6. Trading Disputes Committee (TDC)

ELEXON Governance Review

In April 2013, the BSC Panel and Board jointly commissioned Bill Knight to carry out an independent review of ELEXON’s governance. The report was published in July 2013. It identified some problems that arise from the current arrangements and proposed recommendations for change to address these problems.

In October 2013, Ofgem issued an open letter setting out its initial views on the review’s findings. Ofgem urged the BSC Panel and ELEXON Board to work with industry to develop options to address  the issues raised. In November 2013, the new ELEXON Board started to consider the Knight Report, its conclusions and recommendations and consequently it wishes to engage with the Panel and wider industry with a view to moving collectively towards a revised governance model that addresses the problems highlighted by the Knight Report.

 Open letter to BSC Parties

On 7 July Michael Gibbons wrote to BSC Parties setting out the ELEXON Board’s views on ELEXON’s current governance arrangements. These views are the result of the Board’s consideration of the Knight Report (and independent review of ELEXON’s governance arrangements, jointly commissioned by the ELEXON Board and BSC Panel). The letter identifies some basic principles that any new governance model should take into account, and sets out the Board’s desire to seek the views of BSC Parties to feed into a solution which would form the starting point for a Modification to the Code.

 Meeting notes: Joint Board and Panel workshop – 28 July

On 28 July 2014, the ELEXON Board and BSC Panel took part in a workshop in order to discuss ELEXON’s governance arrangements and to develop options to address the short fallings of the current governance arrangements. These notes summarise the discussions that took place.

Potential BSC Party voting mechanisms
On 28 July, members of the BSC Panel and ELEXON Board took part in a workshop to discuss ELEXON’s governance and the possibility of moving towards a new governance model. At the workshop, attendees agreed that the accountability of ELEXON to funders or industry is key and that an appropriate way of achieving this would be via voting rights akin to those afforded to shareholders of companies. This paper provides options for alternative BSC Party voting mechanisms with commentary on how well each could ensure the independence and non-capturability of ELEXON.

Straw man governance proposal

A straw man governance proposal, suggesting changes to ELEXON’s current governance arrangements, has been drawn up following bilateral meetings with members of the BSC Panel, funding Parties and a joint Panel/ Board workshop. This straw man represents the broad consensus that emerged at the Panel/ Board workshop. Unless there are good reasons not to, or the BSC prevents it, the UK corporate governance code has been considered as an appropriate model to follow.

Our Executive

Our Executive Team is responsible for ELEXON’s day-to-day management. The team works with our Board, Panel and staff to ensure the successful delivery and evolution of the BSC.

Click on images for full profile.

Mark Bygraves

Chief Executive Officer

David Osborne

Director of BSC Operations

David's Operations team is responsible for the day-to-day provision of business-as-usual services under the BSC.

Stephen Wells

Interim Director of Design and Delivery

Stephen's Design and delivery team focuses on delivery of change and major projects within ELEXON.

Nigel Smith

Chief Financial Officer

Nigel has overall responsibility for all aspects of corporate financial accounting, producing ELEXON’s consolidated financial statements and managing the financial strategy.

Farida Khan – PA to the Chief Executive Officer

Our people

We have over 100 staff based at our offices in central London. Experts in their field, some have worked in the energy sector for many years, while others bring fresh skills and perspective from other sectors. Together they ensure that we deliver a great service to our customers every day and maintain our seamless delivery of the BSC.