Elexon to expel Neon Reef and Orbit Energy from BSC

According to Elexon, the companies have failed to reduce their credit cover percentage

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Elexon to return £1.5m of savings to the industry

The move has been driven by a number of cost efficiencies and savings made by the company, which administers the Balancing and Settlement Code

ELEXON implements 12 changes to Balancing and Settlement Code

This includes six modifications to BSC rules and six Change Proposals, which amend BSC subsidiary documents

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Brexit: Energy Balancing and Settlement Code modification decision postponed

It contains multiple references to EU legislation and bodies, however, retaining them if the UK leaves the EU without a deal will mean it is no longer technically accurate

Ofgem urged to cut energy buying red tape

An international energy broker has urged Ofgem to “cut the red tape” surrounding energy purchasing via exchanges in the UK, which it claims is “reducing competition in the power market”. Independent experts at Bergen Energi UK believe exchange access is restricted by the costs of signing up to, and the ongoing management requirements of, the […]