The company is governed by the Elexon Board, who oversee the strategic and operational delivery to ensure an outstanding service for our customers. They also review overall management of the organisation. The Executive team are responsible for day-to-day management and ensure that Elexon delivers to the highest quality.

Elexon Board
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Executive Team
Executive Team

Elexon ownership

As of 1 October 2024, Elexon’s ownership is held by 13 licensed BSC Parties, each being part of a group with a funding share of greater than two percent as of 1 January 2023.

Role and responsibilities of shareholder

The BSC sets the basis on which Elexon shareholders are expected to be involved in the governance of Elexon. There are two main principles, which are set out in Annex C-3 of the BSC, as follows:
The rights of Elexon’s shareholders are completely constrained, other than as set out below;

  • Elexon shareholders may only exercise their rights so as to give effect to the BSC
  • This means there is very little need for Elexon’s shareholders to be actively involved

Shareholders

As at 1 October 2024, the 13 Shareholders are:

  • Ovo Electricity Limited (company number 06858121)
  • Octopus Energy Limited(company number 09263424)
  • Drax Power Limited (company number 04883589)
  • TotalEnergies Gas and Power Limited (company number 02172239)
  • ScottishPower Renewables (UK) Limited (company number NI028425)
  • Drax Energy Solutions Limited (company number 05893966)
  • Uniper UK Limited (company number 02796628)
  • Orsted ESS Mersey Limited (company number 11206846)
  • SSE Energy Supply Limited (company number 03757502)
  • RWE Generation UK Plc (company number 03892782)
  • British Gas Trading Limited (company number 03078711)
  • E.ON UK Energy Markets Limited (company number 09884706)
  • EDF Energy Customers Limited (company number 02228297)

Contact

Elexon’s shareholders can contact Elexon’s company secretariat as follows:

Relationship to BSC voting shares

The BSC has a voting mechanism that is not related to Elexon’s ownership structure. Under the voting share mechanism, all BSC Parties are entitled to a vote on various matters.

Licence Conditions

Electricity Supply Standard Licence Condition 60 and Generation Standard Licence Condition 21 provide for the Secretary of State or the Gas and Electricity Markets Authority to issue a direction to the licensee to hold a share in Elexon and for the licensee to provide information to the Secretary of State and the Authority that is relevant to the issuance of such a direction.

An explanation of the effect of these Licence Conditions is in the full Elexon ownership statement of policy.

Governance documents

Elexon’s governance is overseen by the Elexon Board and we are managed on a day-to-day basis by our Executive Team. Elexon’s core governance documents are our Articles of Association and Section C of the BSC.

The governance of the company is also documented by the Board’s schedule of reserved matters and the division of responsibilities between the chair and the CEO. These documents describe the roles of the Board and the Executive Team respectively.

Reports and finances

As a not-for-profit company we want to guarantee we deliver value for money as well as be approachable and clear about out finances.

We also have a number of policies and reports that demonstrate our approach and progress.