Direction for the revocation of Elexon shareholding
Summary
Ofgem has directed Ørsted ESS Mersey Limited to surrender its mandatory Elexon share, revoking an earlier direction issued under Standard Licence Condition 21.5 of the Generation Licence. Elexon administers the Balancing and Settlement Code; its shares carry no economic value and exist only to bind code parties into the governance structure. This is a single-licensee administrative tidy-up, typically following a generator exiting the BSC party population or ceasing licensable activity at the relevant site.
Why it matters
Nothing about market structure, charges, or the ability to build or connect changes. The direction affects one company's formal membership obligation under a code governance vehicle and has no read-across to other parties.
Key facts
- •Direction issued under Standard Licence Condition 21.5 of the Generation Licence
- •Subject: Ørsted ESS Mersey Limited
- •Revokes an earlier direction requiring the company to hold an Elexon share; share to be returned to Elexon
- •Published 13 May 2026
- •Elexon shares carry no economic value (governance binding device for BSC parties)
Timeline
Areas affected
Memo
Direction for the revocation of Elexon shareholding | Ofgem Please enable JavaScript in your web browser to get the best experience. BETA This site is currently in BETA. Help us improve by giving us your feedback . Close alert: Direction for the revocation of Elexon shareholding Publication type: Decision Publication date: 13 May 2026 Topic: Electricity generation Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn Direction under Generation Standard Licence Condition 21.5: Revocation of Elexon Shareholding. Details This letter is a direction to Orsted ESS Mersey Limited revoking an earlier direction that it hold an Elexon share, and to return that share to Elexon. Document Notice of Direction under Standard Licence Condition 21.5 of the Generation Licence revoking the requirement on Ørsted ESS Mersey Limited to hold a share in Elexon [PDF, 110.22KB] Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn Close