Today, 7 March 2025, Ofgem has published its decision to appoint Elexon in our role as the market facilitator, to deliver Flexibility Market Asset Registration. This vital digital infrastructure will improve flexibility asset visibility and unlock the full value of assets for both flexibility service providers and consumers.
This decision follows Ofgem’s consultation in July 2024, where it proposed that Elexon as the market facilitator leads the enabling and design activities, along with Elexon being one of the options for delivering and operating the enduring solution.
Reducing the burden on flexibility providers
Elexon fully recognises the importance of Flexibility Market Asset Registration in streamlining the registration process for Flexibility Service Providers (FSPs), improving asset visibility within flexibility markets, and supporting progress to the Clean Power 2030 targets. Flexibility Market Asset Registration will play a crucial role in supporting the growth of consumer-led flexibility, which needs to increase from 2.5GW to 12GW over the next five years. As the market facilitator, Elexon will be central to unlocking flexibility, enabling coordinated, open, and transparent flexibility markets. We see Flexibility Market Asset Registration as a key deliverable in achieving this end state, enabling market optimisation, and addressing current market failures.
Once Flexibility Market Asset Registration is live, flexibility aggregators or asset owners would register their assets either through the national flexibility markets that is coordinated by NESO, the regional flexibility markets coordinated by the Distribution System Operators, or directly into the register itself. They only need to register the assets once and this can be at any time. At the moment, flexibility providers have to register their assets across multiple markets, and in different formats, which is time-consuming and burdensome. Therefore the asset register would be a significant improvement.
We strongly support Ofgem’s decision and welcome many of the proposals outlined in their decision document, which closely aligns with points raised in our consultation response. These include defining technical aspects in design working groups, potential widening of scope, setting more ambitious timelines, and speeding up the Data Sharing Infrastructure use case to incorporate Flexibility Market Asset Registration without delay, among others.
Track record for delivery
With a proven track record in delivering asset registration across markets and delivering market-wide digital services, Elexon is committed to delivering it at pace. To maintain momentum, we will collaborate closely with Ofgem and other stakeholders to incorporate the enabling and design activities during the transition year. We look forward to working closely with stakeholders to develop and implement this critical solution, and we are confident in delivering it in 2027.
Elexon Chief Executive Officer, Peter Stanley says:
“We welcome Ofgem’s decision to give the market facilitator the tools and levers to reduce barriers so we can successfully grow flexibility. We now have the governance to align those markets through data and digitalisation. Implementing a common approach to flexibility asset registration will provide a solution where data about flexibility assets is collected once, stored as a single source of truth, and can be accessed by multiple users who need it. This will start to address some of the barriers that flexibility service providers and consumers face – enabling them to access the full value of their assets.
“We look forward to working with Ofgem on the opportunities to remove those barriers to market entry across the wholesale balancing mechanism and capacity market to bring flexibility to all markets. We are pleased that Ofgem has selected Elexon to drive this critical role forward.”
Elexon will continue to deliver this new part of the market facilitator’s role, alongside our other roles and programmes, including Market-wide Half Hourly Settlement implementation, which goes live in October 2025, as well as our high-quality services under the Balance and Settlement Code arrangements.