Elexon is a company of over 200 members of staff and are key to the successful running of the electricity industry. We are a not-for-profit entity, funded by electricity market participants. Any funds we have left over from our budget is always returned to market participants. We are a trusted, independent and reliable market expert and we continuously look to evolve and innovate so that customers and consumers can feel the benefit.<\/p>\n
To find out more about Elexon please visit the Elexon corporate website.<\/p>\n
The corporate website offers information and details about:<\/p>\n
Other information available on the the corporate website includes:<\/p>\n
Elexon has an enquiry service called Elexon Support that enables customers to submit queries and questions that they need us to answer. The service is managed 24 hours a day, 7 days a week and handles queries about BSC systems and services.<\/p>\n
The Balancing and Settlement Code (BSC) was introduced as part of the New Electricity Trading Arrangements (NETA), which came into force in England and Wales in March 2001. These arrangements, and the scope of the BSC, were subsequently extended to Scotland in April 2005 as the British Electricity Trading and Transmission Arrangements (BETTA). <\/b><\/p>\n
The BSC contains the rules and governance arrangements for the Balancing Mechanism and imbalance settlement processes. Elexon oversees the strategic operation and day-to-day management of the Balancing and Settlement Code (BSC). Elexon compares how much electricity generators and suppliers say they will produce or consume with actual volumes.<\/p>\n
We work out a price for the difference and transfer funds. This involves taking 1.25 million meter readings every day. Our expertise and impartiality give our customers the confidence that the BSC operates efficiently and accurately.<\/p>\n
The New Electricity Trading Arrangements (NETA) and the British Electricity Trading and Transmission Arrangements (BETTA) were established to reform the electricity market in the UK.<\/p>\n
NETA: Introduced on March 27, 2001, NETA aimed to create a more competitive and efficient electricity market in England and Wales. It allowed electricity to be traded closer to real-time, promoting competition among generators and suppliers.<\/p>\n
BETTA: Launched in April 2005, BETTA extended the principles of NETA to include Scotland, creating a single electricity market for Great Britain. It aimed to enhance competition and efficiency across the entire UK electricity market.<\/p>\n
NETA and BETTA were established to:<\/p>\n
Modification P108 proposed to authorise BSCCo to provide or procure assistance to the Gas and Electricity Markets Authority in connection with the development and implementation of the British Electricity Trading and Transmission Arrangements (BETTA).<\/p>\n
During 2013 and 2014 Elexon provided expertise to the UK Government to introduce Electricity Market Reform (EMR) Contracts for Difference, and Capacity Market settlement which is carried out by Elexon’s subsidiary EMR Settlement Ltd.<\/p>\n
EMRS is the Contract for Difference (CfD) Settlement Service Provider and it is their responsibility to run the CfD System and operate the processes that enable CfD payments to be calculated and settled.<\/p>\n
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.<\/p>\n
The CMAG comprises of impartial expert Capacity Market participant members as well as other key stakeholders such as consumer groups.<\/p>\n
Elexon has been appointed as the EII Support Payment Administrator and the EII Levy Administrator for the Networking Charging Compensation (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.<\/p>\n
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.<\/p>\n
Ofgem has appointed Elexon as the Market Facilitator for local flexibility.<\/p>\n
About Elexon Elexon is a company of over 200 members of staff and are key to the successful running of the electricity industry. We are a not-for-profit entity, funded by […]<\/p>\n","protected":false},"author":351,"featured_media":0,"parent":130,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","inline_featured_image":false,"footnotes":""},"tags":[],"class_list":["post-100429","page","type-page","status-publish","hentry"],"acf":[],"semantic_search":{"post_id":100429,"title":"About Elexon, its work and its roles","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/about\/about-elexon\/","categories":[],"tags":[],"content":"
Elexon was established on 1 August 2000 to manage the Balancing and Settlement Code (BSC) ahead of the New Electricity Trading Arrangements (NETA) that went live on 27 March 2001. Since then other changes have taken place that have transformed Elexon’s role within the electricity market.<\/p>\n\n <\/div>\n\n
Elexon is a company of over 200 members of staff and are key to the successful running of the electricity industry. We are a not-for-profit entity, funded by electricity market participants. Any funds we have left over from our budget is always returned to market participants. We are a trusted, independent and reliable market expert and we continuously look to evolve and innovate so that customers and consumers can feel the benefit.<\/p>\n
To find out more about Elexon please visit the Elexon corporate website.<\/p>\n
The corporate website offers information and details about:<\/p>\n
Other information available on the the corporate website includes:<\/p>\n
Elexon has an enquiry service called Elexon Support that enables customers to submit queries and questions that they need us to answer. The service is managed 24 hours a day, 7 days a week and handles queries about BSC systems and services.<\/p>\n
The Balancing and Settlement Code (BSC) was introduced as part of the New Electricity Trading Arrangements (NETA), which came into force in England and Wales in March 2001. These arrangements, and the scope of the BSC, were subsequently extended to Scotland in April 2005 as the British Electricity Trading and Transmission Arrangements (BETTA). <\/b><\/p>\n
The BSC contains the rules and governance arrangements for the Balancing Mechanism and imbalance settlement processes. Elexon oversees the strategic operation and day-to-day management of the Balancing and Settlement Code (BSC). Elexon compares how much electricity generators and suppliers say they will produce or consume with actual volumes.<\/p>\n
We work out a price for the difference and transfer funds. This involves taking 1.25 million meter readings every day. Our expertise and impartiality give our customers the confidence that the BSC operates efficiently and accurately.<\/p>\n
The New Electricity Trading Arrangements (NETA) and the British Electricity Trading and Transmission Arrangements (BETTA) were established to reform the electricity market in the UK.<\/p>\n
NETA: Introduced on March 27, 2001, NETA aimed to create a more competitive and efficient electricity market in England and Wales. It allowed electricity to be traded closer to real-time, promoting competition among generators and suppliers.<\/p>\n
BETTA: Launched in April 2005, BETTA extended the principles of NETA to include Scotland, creating a single electricity market for Great Britain. It aimed to enhance competition and efficiency across the entire UK electricity market.<\/p>\n
NETA and BETTA were established to:<\/p>\n
Modification P108 proposed to authorise BSCCo to provide or procure assistance to the Gas and Electricity Markets Authority in connection with the development and implementation of the British Electricity Trading and Transmission Arrangements (BETTA).<\/p>\n
During 2013 and 2014 Elexon provided expertise to the UK Government to introduce Electricity Market Reform (EMR) Contracts for Difference, and Capacity Market settlement which is carried out by Elexon’s subsidiary EMR Settlement Ltd.<\/p>\n
EMRS is the Contract for Difference (CfD) Settlement Service Provider and it is their responsibility to run the CfD System and operate the processes that enable CfD payments to be calculated and settled.<\/p>\n
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.<\/p>\n
The CMAG comprises of impartial expert Capacity Market participant members as well as other key stakeholders such as consumer groups.<\/p>\n
Elexon has been appointed as the EII Support Payment Administrator and the EII Levy Administrator for the Networking Charging Compensation (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.<\/p>\n
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.<\/p>\n