Elexon has appointed Devrim Celal to the Elexon Board. Devrim, who takes up his post from 1 November 2023, replaces Clare Duffy who is retiring from the Board.
The BSC requires the Elexon Board to be comprised mainly of Non-Executive Directors who have electricity industry experience and at least two Non-Executive Directors who must be from outside the industry.
Elexon Chair, Sara Vaughan, said:
“I’m delighted to welcome Devrim to the Board. He brings with him over 20 years of experience in leadership positions across a variety of industries and sectors delivering innovative solutions, which will be highly valuable as we help shape the energy sector of the future, building a path to Net Zero.
I would like to thank Clare Duffy, who is retiring from the Board, for her valuable contribution over the years. Clare has served on the Board since 2014 and has helped create the direction that Elexon has taken during that period of great change within the industry. Clare has played a major part in shaping Elexon’s efforts to serve the energy industry and consumers.”
Devrim said on being appointed:
“I’m really excited to be joining the Elexon Board. Elexon is set to play a key role in helping shape the energy markets to enable significant progress in the energy transition to net zero. I am looking forward to working with the team and stakeholders to achieve this.”
Devrim is the CEO of KrakenFlex, formerly Upside Energy, which joined the Octopus Energy Group in 2020 to add another layer of capabilities to Octopus’s energy technology platform, ‘Kraken’.
Before starting KrakenFlex, Devrim’s professional career saw him take up executive roles with blue chip management consultancies and finance companies such as Publicis Sapient, Kearney and Lansdowne. He also holds an MBA from Yale University and is deputy chair and non-executive director of the Thames Estuary Growth Board, where he co-chairs the net zero committee.
About the Elexon’s Board
The Elexon Board will now comprise Sara Vaughan Chair, Peter Stanley Elexon CEO along with our three industry Non-Executive Directors David Titterton, Ian Graves and Devrim Celal and our two non-industry Non-Executive Directors Tim Fitzpatrick and Anne Heal.
With its purpose of 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; as well as the upcoming Nuclear Regulated Asset Based scheme.
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 the 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.