We held our annual Balancing and Settlement Code (BSC) meeting and seminar last Thursday (8 July) where our executive team presented on our performance, strategic objectives and how our work supports progress to net zero.
This included a re-cap by our Chief Executive Mark Bygraves and Angela Love, Director of Future Markets and Engagement, on the importance of major Modifications such as P375 ‘Settlement of Secondary BM Units using metering behind the site Boundary Point’ and P398 ‘‘Increasing access to BSC Data’.
Peter Stanley, Director of Digital Operations, also talked through our work to completely digitalise the BSC and its subsidiary documents, and progress on the roll out of our new digital platform, Elexon Kinnect.
Angela also presented on the Market-wide Half Hourly Settlement (MHHS) implementation programme and how Elexon as MHHS Programme Manager and Senior Responsible Owner, will deliver it.
Guest speakers highlight the challenges for reaching net zero
Our guest speakers Fintan Slye, Director of National Grid ESO, and Dermot Nolan, a Director at the consultancy, Fingleton (and former CEO of Ofgem) shared their views on the challenges that the Government and the sector face to move quickly on implementing policies that will propel the UK towards net zero.
National Grid ESO is at the heart of a number of major initiatives, which include designing an offshore transmission grid with Government, which will support connection of up to 100GW of wind generation. Dermot Nolan said that engaging customers in the market and gaining their support for policy changes is the biggest challenge the sector will face going forward.
Watch the recorded message from the Energy Minister at the seminar
Anne Marie Trevelyan, Minister for Business, Energy and Clean Growth sent us a video message to play at the webinar.
Watch a recording of the webinar
Slides presented at the webinar
View a copy of the slides used by the presenters
BSC 2021 Annual Meeting and Elexon Seminar slides (Size: 1.43 MB)
Re-election vote for Elexon Board members
In keeping with best practice for corporate governance and accountability, all Elexon Board Directors were subject to re-election via a vote at the annual seminar. Category A or ZC authorised signatories from BSC Party Trading Groups were eligible to vote.
The results to re-elect the following Directors were as follows
Mark Bygraves
Votes for: 3630
Vote against: 0
Votes present but did not vote: 1648
Clare Duffy
Votes for: 3630
Vote against: 0
Votes present but did not vote: 1648
Michael Gibbons
Votes for: 3630
Vote against: 0
Votes present but did not vote: 1648
Anne Heal
Votes for: 3630
Vote against: 0
Votes present but did not vote: 1648
David Rigney
Votes for: 3630
Vote against: 0
Votes present but did not vote: 1648
David Titterton
Votes for: 3630
Vote against: 0
Votes present but did not vote: 1648
Sara Vaughan
Votes for: 3630
Vote against: 0
Votes present but did not vote: 1648
Voting details
There were 15 authorised signatories of BSC Parties present at the Annual BSC Meeting, including via proxies, who collectively held 5278 votes (60.1% of the total number)