Have your say: Consultation on skeleton Target Operating Models
We invite you to reply to this industry consultation on skeleton Target Operating Models. The deadline for responding is 08:00 on 29 May 2018.
To maximise the opportunities provided by a smart flexible energy system, Ofgem launched the Settlement Reform Significant Code Review last year with the objective of developing and implementing an enduring process to enable Market-wide Half Hourly Settlement. One of the key products of the Significant Code Review is the development of a Target Operating Model (TOM), outlining how Settlement arrangements (including market participants, industry organisations, code bodies) will need to change to deliver market-wide Half Hourly Settlement.
The TOM design work has been developed by the ELEXON-led Design Working Group, which has produced five high level ‘skeleton’ TOM options, as set out in this consultation. Ofgem has approved the skeleton TOMs, concluding the first stage of the TOM design work. The Design Working Group will now, through this consultation and a stakeholder seminar, seek stakeholder views on the skeleton TOMs to inform them as they proceed to stage 2, which is where the detailed design of the skeleton TOMs will be undertaken.
This consultation document has been prepared by the Design Working Group to inform stakeholders about the skeleton TOMs and seeks your input on the design and evaluation work to date. Market-wide Half Hourly Settlement is a fundamental market reform which will impact both existing and future participants in the energy market. It is important that stakeholders who have not yet been directly involved in the TOM design work are provided with the opportunity to review and give input at key stages. For this reason ELEXON and Ofgem encourage all stakeholders to take the opportunity to look at and respond to the consultation document. The responses will help shape the next stage of the design work.