Elexon publishes three-year plan

6 March 2003 – The Balancing & Settlement Code Company for the UK, Elexon, has published its Business Strategy and Annual Budget, setting out its activities, priorities and resource requirements for the next three years.

The company said that the strategy confirms its corporate priorities for 2003-2006, as: Fulfilling Elexon’s BSC Objectives and Functions at Optimum Cost; Improvement in the Implementation of the BSC arrangements; Improving Support to Stakeholders; and Developing Elexon’s Efficiency and Effectiveness.

The company also said that it would be seeking to provide enhancements to the BSC processes and systems with the objective of ensuring that the risks to Settlement data quality and the operation of the trading mechanisms are adequately managed at optimum cost.