This is the second of a series of online workshops with stakeholders to gather feedback on the proposed cost-recovery, budgeting and finance processes and proposals for the Market Facilitator role
The series of workshops will take place between November 2024 and March 2025.
Details of the event
Date: Wednesday 18 December 2024
Time: 10am – 2pm
Venue: This workshop will be held online
Purpose
We will seek to gather feedback on:
- Cost Recovery Model
- What class(es) of party should fund Market Facilitator, and how should costs be apportioned between them?
- Budget Setting Process
- Should the budget setting process be linked to (or separate from) the existing BSC budget-setting process?
- How is the budget approved (e.g. role of Elexon Board)?
- Checks and balances (to ensure stakeholder concerns are addressed)
- Finance Processes
- How often are funding parties invoiced?
- What happens if there is a shortfall because some of them don’t pay?
- How are budgeted and actual costs reconciled?
- How can parties pay MF invoices?
In response to feedback from our first workshop, we will re-visit and finalise these topics at a later workshop, once the development of the enduring governance is progressed.
Agenda
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Introductions and objectives |
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Cost Recovery Model |
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Budget Setting Process |
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Finance Processes |
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Close and next steps |
Presentation slides
Who can attend?
For this session, we are looking for attendees to provide expertise on cost recovery, budgeting and finance processes.
We are also particularly looking for interested persons from Suppliers, generators, DSOs and NESO.
Any organisation that has an interest in local flexibility markets and the market facilitator role is welcome to attend.
How to sign for up the workshop
If you previously registered, you don’t need to register again. You will receive a calendar invitation for this workshop.
If you’ve not already registered, you’ll need to complete this short registration form.
Further information
Get in touch by emailing [email protected] or by contacting Ayo Bammeke, Senior Change Lead, on 0207 380 4176.
- More information on Elexon’s role as Market facilitator