[vc_row][vc_column][vc_empty_space height=”50px”][vc_row_inner][vc_column_inner width=”1/2″][ultimate_info_table design_style=”design02″ color_scheme=”custom” color_bg_main=”#ffffff” color_txt_main=”#003262″ color_bg_highlight=”#d3d3d3″ package_heading=”Elexon” icon_type=”custom” icon_img=”6667″ img_width=”300″ heading_font_color=”#003262″ subheading_font_color=”#003262″ el_class=”info-table” heading_font_size=”desktop:24px;” subheading_font_size=”desktop:18px;” heading_font_family=”font_family:Roboto|font_call:Roboto|variant:500″ heading_font_style=”font-weight:500;” subheading_font_family=”font_family:Roboto|font_call:Roboto|variant:300″ subheading_font_style=”font-weight:300;” features_font_family=”font_family:Roboto|font_call:Roboto”]
| Headquarters: | 4th Floor, 350 Euston Road, London NW1 3AW, United Kingdom |
| Location(s): | London, United Kingdom |
| Date of foundation: | 2000 |
| CEO: | Mark Bygraves |
| Balancing Energy and Imbalance Volumes Settled: |
Calendar year 2018: 41,013,042 MWh
Financial year (2018/2019): 43,560,042 MWh
Please note that being bi-lateral, this is the sum of both the buy and sell sides of the contract (effectively a double count). |
| Current number of employees (May 2019): | 188 |
| Annual report(s): | Elexon 2019/20 Annual Report |
| Website: | elexon.co.uk |
[/ultimate_info_table][/vc_column_inner][vc_column_inner width=”1/2″][vc_custom_heading text=”About” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_column_text]
Elexon, founded in 2000 with the New Electricity Trading Arrangements (NETA) introduced in England and Wales in March 2001 and in Scotland in 2005, administers the Balancing and Settlement Code (BSC) in Great Britain (GB). The requirement to have the BSC in force is placed on the GB TSO, National Grid Electricity System Operator Limited, through its Transmission Licence. Elexon administers the BSC, and provides and procures the services needed to implement it. Elexon’s expertise and impartiality give the customers the confidence that the BSC operates efficiently and accurately.
What Elexon does
Elexon is vital to the operation of the wholesale electricity market as the company compares how much electricity generators and suppliers said they would produce or consume with actual volumes. Elexon works out a price for the difference and transfers funds accordingly. This involves handling £1.5 billion of Elexon’s customers’ funds each year.
EMR Settlement Ltd (EMRS) is a wholly owned subsidiary of Elexon Ltd. It was set up in March 2014 after the UK Government recognised that Elexon had the experience and capability to provide settlement services to deliver the Government’s new policies to support low carbon generators (Contracts for Difference (CFD)) and to introduce a Capacity Market (CM). It recognised the similarities between the data, systems and processes that successfully operate under the BSC and those that would be required for CFD and CM.
Elexon’s governance structure
Four key groups of people work together to make sure governance, strategy, and operational delivery combine to deliver an outstanding service for Elexon’s customers.
These are the Elexon Board, the BSC Panel, the Elexon Executive and the Elexon staff.
Elexon Board
The Elexon Board is responsible for:
- providing leadership to the company;
- setting the company’s strategic aims, including the approval of its annual Business strategy;
- ensuring that the necessary financial and human resources are in place for the company to meet its objectives, including approving the company’s budget;
- reviewing the performance of the company’s management;
- the governance of the company;
- ensuring that Elexon’s obligations to its stakeholders, including BSC Parties, are understood and met.
The BSC Panel
The Balancing and Settlement Code (BSC) Panel oversees the management, implementation and development of the BSC. It brings together stakeholders from across the electricity industry, including the regulator Ofgem, the TSO, National Grid Electricity System Operator, generators, suppliers and other BSC Parties is delivered efficiently, economically, effectively, fairly and transparently. The Panel oversees changes to the BSC.
Elexon Executive
Our Executive Team is responsible for the company’s day-to-day management. The team works with our Board, BSC Panel and staff to ensure the successful delivery and evolution of the BSC.
Our people
Elexon has over 150 staff based at the company’s offices in central London. Experts in their field, some have worked in the energy sector for many years, while others bring fresh skills and perspective from other sectors. Together they ensure that Elexon delivers a great service to the customers every day and maintain our seamless delivery of the BSC.
[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_empty_space height=”50px”][vc_separator][vc_row_inner][vc_column_inner width=”1/2″][vc_custom_heading text=”Member of the Europex General Assembly” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_custom_heading text=”Mark Bygraves, CEO ” font_container=”tag:h4|text_align:left” use_theme_fonts=”yes”][vc_single_image image=”1391″ img_size=”medium”][ultimate_modal modal_title=”CV Mark Bygraves” btn_bg_color=”#9e9e9e” modal_on_align=”left” btn_text=”View CV” overlay_bg_opacity=”80″]
Mark is the Chief Executive of Elexon, the administrator of the electricity wholesale balancing and settlement arrangements for Great Britain and of the EMR CFD and Capacity Market payment arrangements. In November 2016, Mark was appointed as a member of the Elexon Board.
He brings over 20 years’ experience in the energy sector of leading businesses, engaging and influencing stakeholders and challenging colleagues to deliver BAU and strategic initiatives, drawing on his skills gained in a career as Lawyer, Director of M&A, Investment Banker, Commercial Director and CEO.
He began his career as a lawyer, qualifying in private practice, before switching to the energy industry where increasingly he focused on the commercial aspects of delivering corporate strategies and significant transactions.
Prior to joining Elexon in 2011, Mark was an investment banker advising many of the world’s leading utilities. This followed 10 years at E.ON in the UK where as Director of Mergers & Acquisitions he lead strategic transactions both in the UK and internationally.
During his time as CEO, Elexon has continued to deliver on its BSC obligations and KPIs and has implemented and operates new settlement systems for Contracts for Difference and the Capacity Market. This is whilst increasing its engagement with stakeholders by visiting Parties to understand how to improve services (e.g. data, Market Entry) and by providing expert support to the energy regulator (such as designing market wide Half Hourly Settlement) and to the UK Government (EMR, Flexibility).
This focus on customer service and relations as well as performance has contributed to the highest ever customer satisfaction scores in Elexon’s independent customer survey and these high levels of satisfaction were repeated in the regulator’s own survey of the 11 Code Administrators where Elexon came out top overall, cementing the company’s status as trusted, independent, reliable market experts.
At a time of major change in the electricity sector, Elexon continues to deliver these essential services and to support stakeholders including Government, regulator and industry, in evolving the market arrangements to address current and future challenges.[/ultimate_modal][/vc_column_inner][vc_column_inner width=”1/2″][vc_custom_heading text=”Europex contact person
” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_custom_heading text=”Chris Wood, Senior Change Analyst” font_container=”tag:h4|text_align:left” use_theme_fonts=”yes”][ultimate_icon_list icon_size=”24″ icon_margin=”15″][ultimate_icon_list_item icon=”Defaults-phone” icon_color=”#003262″]+44 (0) 20 7380 4142[/ultimate_icon_list_item][ultimate_icon_list_item icon=”Defaults-envelope-o” icon_color=”#003262″]Chris.Wood@elexon.co.uk[/ultimate_icon_list_item][/ultimate_icon_list][/vc_column_inner][/vc_row_inner][vc_empty_space height=”50px”][vc_separator][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”Headquarters” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” css=”.vc_custom_1461770833549{margin-top: 0px !important;}”][vc_gmaps link=”#E-8_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” size=”250″][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”General contact details” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” css=”.vc_custom_1461770891691{margin-top: 0px !important;}”][ultimate_icon_list icon_size=”24″ icon_margin=”15″][ultimate_icon_list_item icon=”Defaults-home” icon_color=”#003262″]Elexon Limited
4th Floor, 350 Euston Road
London NW1 3AW
United Kingdom[/ultimate_icon_list_item][ultimate_icon_list_item icon=”Defaults-phone” icon_color=”#003262″]+44 (0) 20 7380 4100[/ultimate_icon_list_item][ultimate_icon_list_item icon=”Defaults-envelope-o” icon_color=”#003262″]communications@elexon.co.uk[/ultimate_icon_list_item][/ultimate_icon_list][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”100px”][/vc_column][/vc_row]