ELEXON plays a vital role at the heart of the wholesale electricity market. We compare how much electricity generators and suppliers said they would produce or consume with how much electricity they actually generated and supplied. After calculating these volumes, we work out a price for the imbalances and charge organisations accordingly. This involves taking 1.2 million meter readings every day and handling over £1.7 billion of our customers' funds each year. These balancing and settling arrangements are laid down in the Balancing and Settlement Code (BSC), which is administered by ELEXON.
ELEXON has five corporate values that guide how we work together, how we run our business and our relationships with our customers, our suppliers and our other stakeholders. For us, it's all about Respect, Teamwork, Curiosity, Innovation and Excellence. Each value has a set of behaviours that embody it and together, they support us in achieving our vision and mission.
To deliver and evolve the BSC effectively, efficiently and economically, to the benefit of all our customers and stakeholders
To be a leader in the efficient transformation of energy markets by providing shared solutions to address common industry problems
Our benefits package is: