Respond to Ofgem’s consultation on licence conditions and changes to the BSC to implement Elexon’s new ownership arrangements
The Future System Operator (FSO) will be established in 2024 and will be called the National Energy System Operator (NESO). As a result, Elexon will move away from being under National Grid ESO ownership and in future will operate under a ‘federated model’ ownership arrangement. Ofgem are asking for your views on licence conditions and changes to the BSC to support the implementation of the new ownership agreements.
Learn more about this consultation
Under the new ownership arrangements, Ofgem will introduce licence conditions to enable the 13 largest BSC Parties (those with a greater than two percent funding share in Elexon as of 1 January 2023) to each take a share in Elexon. We are working closely with the Department for Energy Security and Net Zero (DESNZ) and Ofgem to support this transition.
In order to support implementation of the new ownership arrangements, the DESNZ and Ofgem are consulting on new electricity supply and generation licence conditions and changes to the BSC. This consultation is your opportunity to share your views and help shape the future system.
Respond to the consultation
Responses must be given before the consultation closes at 23:59pm on 21 February 2024.