Elexon - New Company Build Solution

The situation

  • Establish a new settlement company as part of the new electricity trading arrangements in the UK
  • Set up processes and procedures for the new company to deliver first round of settlement

Solution

  • Definition of organisation blueprint covering people, process and technology, and finance and funding
  • Benchmarking of executive salaries and appointments
  • Definition of Balancing and Settlement Code (BSC)
  • Definition of BSC procedures
  • Working directly with the Chairman and DTI/Ofgem
  • Queen's Speech and relevant Utilities Bill sections drafted

Client benefits

  • A fully functioning settlement companies delivered on time to budget
  • First round of settlement delivered on time