This section details what Elexon manages and runs and how it impacts the wider energy industry.
Balancing and Settlement Code
The Balancing and Settlement Code (BSC) is a legal contract all electricity participants must enter into in order to participate in the electricity market. We compare how much electricity generators and suppliers say they will produce, or use, with actual volumes, work out a price for the difference and transfers funds accordingly.
We provide an ‘end-to-end’ management of the BSC, from entering the market to day-to-day running and operations.
Capacity Market Advisory Group
The Capacity Market Advisory Group (CMAG) plays a role in developing, analysing, prioritising and making recommendations to Ofgem for changes to the Capacity Market (CM) Rules.
The CMAG comprises of impartial expert Capacity Market participant members as well as other key stakeholders such as consumer groups.
Data Integration Platform
The Data Integration Platform (DIP) is a next-generation messaging system which Market Participants will use for submitting Half Hourly (HH) data to Elexon for settlement. It will provide the resilience, availability and scalability required to enable market participants to move to HH Settlement.
Electricity Market Reform Settlement Services
EMR Settlement Ltd (EMRS) delivers settlement for the Contract for Difference (CFD) and the Capacity Market (CM). The CFD supports investment in new low carbon generation and the CM scheme looks to facilitate future security of electricity supply.
This is part of a wider scheme to secure investment in replacing the UK’s ageing electricity assets and meet decarbonisation targets, energy security and affordability.
Market facilitator for distributed flexibility
Elexon has been appointed as the market facilitator for distributed flexibility. We will work with Distribution System Operators, the Electricity System Operator and Ofgem to enable flexibility markets to play an important role in meeting the Government’s target for clean power.
Networking Charging Compensation Scheme
Elexon has been appointed as the EII Support Payment Administrator and the EII Levy Administrator for the Networking Charging Compensation Scheme (NCC) scheme. The scheme offers Energy Intensive Industries (EIIs) 60% compensation on network charging costs for using the GB electricity grid. This is part of a package of government measures to help Britain’s EIIs remain competitive in the global market.