🌟 Ofgem confirms Elexon as Market Facilitator 🌟 Ensuring the right governance and institutional arrangements is crucial for accelerating the UK’s transition to a clean power system by 2030. Flexibility is key to optimising our generation, network, and consumer assets, keeping costs down while maintaining a stable energy supply. However, we also need the right institutions and regulatory frameworks to fully capitalise on these advancements. Establishing NESO as GB’s independent system operator is a transformative step. Elexon, as the new Market Facilitator, will collaborate with NESO to deliver accessible, coordinated, and transparent flexibility markets, essential for running our decarbonized power system. James Johnston, CEO and Co-Founder at Piclo comments: “Leveraging flexible solutions to harness when we generate and use electricity, particularly from technologies like Electric Vehicles and Heat Pumps, will be a key part of the UK’s energy mix and reaching Net Zero. “It’s exciting to see momentum building across the energy sector, with Elexon's appointment as Market Facilitator adding a further boost. The Market Facilitator role will be pivotal to ensuring our energy and flexibility markets are fit to deliver the Government’s 2030 clean power targets, and early priorities must ensure greater alignment across these markets and services, to deliver revenue stacking. We’re excited to work alongside Elexon and the rest of the industry to hit the ground running. #EnergyTransition #Decarbonisation #RenewableEnergy #Sustainability #MarketFacilitator #NESO #Elexon #SmartEnergy #FutureOfEnergy
Ofgem has today announced that Elexon has been appointed as the market facilitator for local flexibility. We are very pleased to be delivering a role that will make a critical contribution to the Government's target for clean power by 2030. #NetZero #energytransition We will co-ordinate the flexibility markets by developing simpler, clearer processes to bring together buyers and sellers of flexibility. We expect to begin operations as the market facilitator by early 2026 at the latest. Thank you to all the companies and stakeholders that have supported Elexon’s case to take on the role. As an impartial body, our duty will be to perform the role for the benefit of all market participants and consumers. See Ofgem's London Stock Exchange announcement on the decision: https://lnkd.in/ek885iK2 See our press release: https://lnkd.in/eAq5_Xpd