Elexon Chief Executive Mark Bygraves to step down

Mark Bygraves

After seven years as Chief Executive, and 10 years in total working for Elexon, Mark Bygraves has decided to step down to focus on, and develop other opportunities outside of the company.

Mark’s last day as Chief Executive will be Friday 29 October.

Sara Vaughan, a Non-Executive Director of Elexon, and former Political and Regulatory Affairs Director at E.ON UK will take over as Interim Chief Executive immediately thereafter until an enduring replacement is appointed following a formal recruitment process.

Under Mark’s leadership, Elexon has continued to provide best in class customer service to the industry as Code Manager of the Balancing and Settlement Code (BSC). Elexon has also delivered changes to the wholesale market arrangements that are an essential enabler to achieve the UK’s Net Zero targets.

In addition, during Mark’s tenure, Elexon established and continues to successfully deliver Settlement for Contracts for Difference generators and the Capacity Market regime. In April 2021, Ofgem also appointed Elexon to facilitate the industry-led programme to deliver Market-wide Half Hourly Settlement. These and other examples demonstrate how Elexon has established itself as more than a code administrator. They also show how Elexon is delivering its purpose of ‘Serving at the heart of the energy industry, building a path to Net Zero’.

Elexon’s Board and colleagues thank Mark for his significant contribution to the company and wish him well for the future.

Michael Gibbons, Chair of Elexon and of the BSC Panel, said:

“We would especially like to thank Mark for his huge dedication to Elexon, and the energy he has brought to the role. Mark maintained a firm grip on the many policy and operational issues that we manage, and he built good relationships with so many of our stakeholders, including the BSC Panel. On behalf of the Board, the Panel, and everyone at Elexon, I wish Mark success in the next phase of his career.

“I am very pleased to welcome Sara into the Chief Executive role. She has been an Elexon Board member since 2019 and with her vast experience in the energy sector she will ensure that Elexon maintains continuity, consistency and the high standards of performance for customers for which it is known.”

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