Market News

​The latest information on industry changes



Project Nexus goes live 1 June 2017Project Nexus goes live 1 June 2017

What is Project Nexus?

Driven by Ofgem, Project Nexus is steering large scale IT and process changes, to make sure that the UK gas industry can meet future demands for capacity and delivery. After much work and planning, Nexus 'goes live' on 1 June 2017.  

A transition period will take place across the gas industry from 23 May 2017 to 6 June 2017. This will allow Xoserve and all industry parties to update their systems for the 'go live' date on 1 June 2017. Your gas supply will continue as usual through the transition period and we do not expect you to be affected by these changes.

Find out more - read our fact sheet here



Compensation from RO, FIT and CFDCompensation from RO, FIT and CFD


Regulatory Update - Energy Intensive Industry scheme for compensation from Renewable Obligation (RO), Feed in Tariff (FiT) and Contracts for Difference (CFD).

What is the scheme?

This is a government compensation scheme, introduced to reduce the financial and competitive impact of renewables policies on electricity intensive industries. The consultation process began in 2014 and the scheme has now received full approval from the European Commission. On 26 January 2016, information for potential claimants was published by the Department for Business, Innovation and Skills (BIS).

Find out more - read our fact sheet here

Electricity Market Reform (EMR)Electricity Market Reform (EMR)

What is Electricity Market Reform (EMR)?

EMR is a government policy to incentivise investment in
secure, low-carbon electricity. The aim is to deliver low carbon energy and reliable supplies that the UK needs, while minimising costs to consumers.

EMR introduces two key schemes to provide incentives for the investment required in our energy infrastructure - Contracts for Difference (CFD's) and the Capacity Market.

From 1st April 2015, additional items will be added to your bill to cover the costs associated with EMR.

Find out more - read our fact sheet here

P305 - Electricity RegulationP305 - Electricity Regulation

What is the P305 regulation? 

The P305 regulation was introduced by Ofgem on 5 November 2015, following recommendations and feedback from National Grid’s EBSCR (Electricity Balancing Significant Code Review). The EBSCR is a long running project, designed to assess the effect of cash-out pricing on the wider market and future supply. P305 follows the P316 consultation, which was closed earlier this year.

​Find out more - read our fact sheet here