Determination of the basis of selection of a code manager for the Balancing and Settlement Code
Summary
Ofgem determines the basis of selection for the Code Manager for the Balancing and Settlement Code (BSC). Sets out whether the role goes by default to the incumbent (Elexon) or via competitive process.
Why it matters
First substantive determination under the Energy Act 2023 Code Manager regime. BSC is the highest-volume code by transaction count. The selection basis sets the precedent for how the other ten designated codes will have their Code Managers chosen. Incumbent-by-default versus competitive process is the load-bearing distinction.
Areas affected
Related programmes
Memo
Determination of the basis of selection of a code manager for the Balancing and Settlement Code | 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: Determination of the basis of selection of a code manager for the Balancing and Settlement Code Publication type: Code modification Publication date: 10 March 2025 Topic: Energy codes Subtopic: Energy code reform, Balancing and settlement code (BSC) Print this page Related links Energy code reform: consultation on code manager selection Implementation of energy code reform: decision Consultation outcome - Energy code reform: code manager licensing and secondary legislation Consultation outcome - Energy code reform: governance framework Share the page Share on Facebook Share on Twitter Share on LinkedIn Determination pursuant to regulation 3(8) of the code manager selection regulations 2024 of the basis of selection of a code manager for the Balancing and Settlement Code. Under new powers created by the Energy Act 2023 , we will be responsible for selecting code managers on either a competitive or non-competitive basis, leading to the potential grant of a code manager licence. Each code manager will be responsible for the governance of its respective designated code, which they will be obligated to do in an independent and impartial manner. They will also be responsible for facilitating the development of the codes in line with the policy priorities set out in our annual Strategic Direction Statement. This determination sets out the decision of the Authority, under section 187(1) of the Energy Act 2023, to proceed with the selection of a code manager for the Balancing and Settlement Code on a non-competitive basis. Following this determination, Elexon Ltd will be invited to submit a licensing assessment form. We will then consider this information and publish a notice stating whether we propose to grant it a licence. Cathryn Scott Duly authorised on behalf of the Authority Date: 10 March 2025 Main document Determination of the basis of selection of a code manager for the Balancing and Settlement Code [PDF, 100.46KB] Print this page Related links Energy code reform: consultation on code manager selection Implementation of energy code reform: decision Consultation outcome - Energy code reform: code manager licensing and secondary legislation Consultation outcome - Energy code reform: governance framework Share the page Share on Facebook Share on Twitter Share on LinkedIn Close