Ofgem
The implementation of Elexons new ownership structure will involve modifying electricity supply and generation licences to enable the Secretary of State and the Gas and Electricity Markets Authority to direct parties to hold a share in Elexon. The Balancing and Settlement Code (BSC) will be modified, as needed, to support implementation of the new ownership arrangements. These modifications will be made using powers in the Energy Act 2023, sections 169 and 170, subject to the Secretary of State deciding to proceed with the establishment of the National Energy System Operator (NESO).
This joint Department and Ofgem response sets out our conclusions about the modifications to be made to implement the Elexon ownership change, outlining additional detail and clarifications that have been added to the Elexon ownership statement of policy, licence conditions, and code text, based on the responses to the consultation.
We will publish a separate decision notice about the licence and code changes related to the future ownership of Elexon, once the Secretary of State has reached a decision.