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

 

 

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The Competition and Markets Authority (CMA) Energy Market Investigation The Competition and Markets Authority (CMA) Energy Market Investigation

​On 26 June 2014, Ofgem referred the GB energy market to the CMA. The CMA then identified a number of adverse impacts to competition and issued the following regulations to address these market inefficiencies.

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The rollout of smart metersThe rollout of smart meters

This Government scheme will ensure all homes and small businesses have a smart meter installed by 2020. This is to enable a more efficient, greener, smarter energy system.

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Compensation from RO, FiT and CfDCompensation from RO, FiT and CfD

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

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P272 electricity regulationP272 electricity regulation

P272 is a compulsory, industry-wide change introduced by Ofgem. It follows on from the April 2014 roll-out of Automated Meter Reading (AMR) for all meters in profile class 5-8. These profile classes include commercial meters with variable peak load weighting. 

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P305 electricity regulationP305 electricity regulation

The P305 regulation was introduced by Ofgem on 5 November 2015, following recommendations and feedback from National Grid’s Electricity Balancing Significant Code Review (EBSCR). 

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 

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Electricity Market Reform (EMR)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

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