Elexon Ltd
Elexon Ltd is a pivotal organization in the UK energy sector, primarily responsible for managing the balancing and settlement of electricity supply and demand. Established to support the operation of the electricity market, Elexon plays a crucial role in ensuring that the electricity system remains stable and efficient.
With a commitment to innovation and sustainability, Elexon works closely with various stakeholders, including energy suppliers, generators, and regulatory bodies. The company’s core activities include:
- Market Operations: Elexon oversees the day-to-day operations of the electricity market, ensuring that transactions are processed accurately and efficiently.
- Data Management: The organization manages vast amounts of data related to electricity consumption and generation, providing essential insights for market participants.
- Settlement Services: Elexon is responsible for the financial settlement of electricity trades, ensuring that all parties are compensated fairly.
- Regulatory Compliance: The company ensures that all market activities comply with relevant regulations and standards, promoting transparency and fairness in the market.
Elexon is dedicated to fostering a competitive and sustainable energy market, contributing to the UK’s transition towards a low-carbon future. The company invests in technology and innovation to enhance its services and improve market efficiency.
Through collaboration and engagement with industry stakeholders, Elexon aims to lead the way in energy market reform, driving positive change and supporting the UK’s energy goals.