ELEXON
UtilitiesEngland, United Kingdom201-500 Employees
ELEXON is an independent utilities-focused organization based in London, England, with approximately 201 to 500 employees. It acts as an enabler of Great Britain's Net Zero energy system, aiming to deliver a more flexible, secure, and efficient electricity system. ELEXON manages wholesale electricity market arrangements for Great Britain, including electricity imbalance settlement that reconciles contracts to actual volumes and ensures accurate payments. It administers the Balancing and Settlement Code (BSC) and supports market participants through trading unit registration and qualification processes, providing assurance on performance standards. The company oversees payments for Contracts for Difference and Capacity Market schemes and is implementing half-hourly settlement and a market facilitator role to develop local flexibility markets. ELEXON operates independently from Government, Ofgem, and the electricity industry, maintaining neutrality as it does not buy or sell electricity products.