What ELEXON does
ELEXON is vital to the smooth operation of the wholesale electricity market. We compare how much electricity generators and suppliers said they would produce or consume with actual volumes. We work out a price for the difference and transfer funds accordingly. This involves taking 1.25 million meter readings every day and handling £1.5 billion of our customers’ funds each year.
The rules are set out in the Balancing and Settlement Code (BSC). We administer the Code and provide and procure the services needed to implement it. Our expertise and impartiality give our customers the confidence that the BSC operates efficiently and accurately.
Read an Overview of the Balancing and Settlement Code (BSC) Arrangements or the BSC sections.
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