Elexon to administer price freeze payment scheme

National Grid Electricity System Operator (ESO) has proposed an urgent modification to the Balancing and Settlement Code (BSC) to enable Elexon to administer the payment scheme for electricity for the government’s new Energy Price Guarantee. In the proposal document for its modification, the ESO said appointing Elexon to administer the payment scheme will require an extension of its powers to enable the company, which is the code manager for the BSC, to undertake a new non-BSC related function.

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