Elexon has appointed Tim Fitzpatrick to the Elexon Board. Tim, who takes up his post from 1 July 2022, replaces David Rigney and joins as the second non-industry Non-Executive Director.
The BSC requires the Elexon Board to be comprised of mainly Non-Executive Directors who have industry experience and at least two Non-Executive Directors who must be from outside the industry.
The Elexon Board will now comprise of:
- Michael Gibbons – Chair
- Sara Vaughan – Industry Non-Executive Director
- Clare Duffy – Industry Non-Executive Director
- David Titterton – Industry Non-Executive Director
- Tim Fitzpatrick – Non-Industry Non-Executive Director
- Anne Heal – Non-Industry Non-Executive Director
- Simon McCalla – Executive Director
Elexon Chair, Michael Gibbons, said:
‘I’m delighted to welcome Tim to the Board. He brings extensive experience in digital services, payments and technology as well as working in regulated environments, which will be highly valuable in helping us tackle the challenges ahead.
I’d also like to thank David Rigney who is retiring from the Board for his valuable contribution over the years. He has served the Board for a number of years and we thank David enormously for his service.’
Tim said on being appointed:
‘I am really excited to be joining Elexon’s Board. Elexon plays such an important and pivotal role in the energy industry and I look forward to playing my part in that.’
More information on Elexon’s Board structure and its members can be found on our Governance web page.
About Tim Fitzpatrick
Currently, Tim is part of the founding Board and senior Non-Executive Director at the recently formed agriculturally focussed Oxbury Bank Plc where he chairs both Audit committee and Remco. He is also a senior advisor to Reply Group, a digital services, technology and consultancy multi-national company.
Previously he was a Non-executive Director and Audit committee chair at Pay.UK, as well as CEO at the UK high value payment operator CHAPS. Tim has also held a variety of senior executive positions in HSBC in the UK and overseas, as well as senior advisory roles in the Bank of England and London Metal Exchange.
His experience brings a broad range of competencies focusing on business transformation, critical national infrastructure, regulatory engagement, and systemic and operational risk.
About Elexon
Serving at the heart of the energy industry, building a path to net zero, Elexon is shaping the energy sector of the future. We manage the Balancing and Settlement Code, which sets out the rules so that Great Britain’s energy system operates effectively.
Market-wide Half-Hourly Settlement (MHHS) reform will see the electricity industry working together in a significant move forward in how electricity is used and accounted for. Ofgem has placed responsibility on the industry to deliver the Programme and made Elexon the Senior Responsible Owner (SRO) of the Programme.
We also deliver Settlement services for the Government’s Contracts for Difference and Capacity Market arrangements.
We are trusted, independent, reliable market experts. We are funded by our customers and provide our services without making profits.
We deliver an ‘end-to-end’ code manager service for the BSC. This includes helping new companies enter the market, ensuring Settlement accuracy, and managing changes to BSC rules to support initiatives to move to a smarter energy system. We also provide expert support to Government, Ofgem and industry.
Britain’s energy sector is going through unprecedented change and the needs and demands of our customers and consumers are evolving. We are working to ensure that our systems and processes support the changes needed so that the energy sector plays a major part in helping to meet the UK Government’s ‘Net Zero’ carbon emissions target.