Elexon plays a key role in the electricity system by managing the Balancing and Settlement Code (BSC), one of 10 major codes which set out the rules so that Britain’s energy system operates effectively. 

Elexon compares contracts to buy and sell electricity in the wholesale market with actual volumes. We work out a price for the differences and transfer funds accordingly.

We are trusted, independent, reliable market experts and we provide our services without making profits.

As Britain’s energy sector continues to evolve we are working to ensure that our BSC systems can support the future needs of our customers and progress to Net Zero. This includes rolling out Elexon Kinnect, our cloud platform to deliver Settlement and all of our services, including provision of open data on the wholesale electricity market.

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Elexon

Elexon's headquarters in London, United Kingdom

This department manages and oversees the processes and operations related to settlement and invoicing.

Settlement Services

This department focuses on analyzing data to provide insights that support business decision-making and product development.

Analytics Department

This department focuses on guiding and managing organizational change initiatives to ensure smooth transitions and stakeholder engagement.

Change Management

This department focuses on developing and optimizing market strategies and design frameworks to enhance flexibility and efficiency.

Market Design

This department is responsible for guiding the development and strategy of products through market research, roadmap creation, and stakeholder collaboration.

Product Management

The Business Analysis and Design team at Elexon focuses on evaluating and improving processes and systems related to the Balancing and Settlement Code (BSC). They conduct thorough analyses to identify business needs, design effective solutions, and facilitate the implementation of changes that support the transition to a net-zero energy system. By leveraging expertise in data analytics and project management, this team ensures that Elexon's services remain reliable and aligned with the evolving demands of the electricity market.

Business Analysis and Design

This department focuses on overseeing and improving service management processes, including change, release, and transition activities.

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Other teams

Analytics Department

Change Management

Market Design

Product Management

Business Analysis and Design

Service Management