Regulation Update

Project Nexus was a large UK Gas industry project that was implemented in June 2017. The project replaced the previous central IT system and introduced new read and settlement processes. 

This implemented modification will have impact on DUOS charges and the differentials between half-hourly and non half-hourly customers, which, for some higher consuming customers, will be very significant.   

In November 2015 Ofgem launched the programme which will deliver the regulatory and operational changes to speed up switching and make it more reliable.

DCP161 Penalties for exceeding agreed capacity. Ofgem have agreed changes to the Distribution Code.

The UK Link IT system was replaced with upgraded technology in June 2017.  This was a very large programme of change for the industry lasting several years. 

The energy market was referred to the CMA by Ofgem in June 2014 for an investigation after the regulator concluded that there were reasonable grounds for believing that features of the market were proving detrimental to competition.

Ofgem have highlighted concerns about the electricity transmission network charging arrangements for smaller Embedded Generators (EG), including the exemptions and payments collectively referred to as ‘Embedded Benefits’.

The Industrial and Commercial Shippers and Suppliers (ICoSS) group is the trade body representing non-domestic industrial and commercial (I&C) suppliers in the GB energy market. 

The government introduced a policy to reduce the impact of renewable levies on the cost of electricity of the most electricity intensive industries in the UK. 

National Grid Gas Distribution has been renamed as “Cadent” following the sale of a majority stake in the distribution business to an international consortium.

Sian Baldwin has been appointed as Xoserve’s new Chief Executive Officer with effect from 5th June replacing Chris Murray from National Grid.

Disclosure of information pursuant to Article 11 (11) of REGULATION (EU) No 648/2012 (European Market Infrastructure Regulation).