About Elexon
Elexon is a key player in the UK energy market, responsible for managing the Balancing and Settlement Code (BSC) which governs the wholesale electricity market. Established to ensure that electricity supply and demand are balanced in real-time, Elexon plays a critical role in the operation of the electricity market, providing essential services to market participants. The company is involved in the development and implementation of market systems and processes, ensuring compliance with regulatory requirements, and facilitating the settlement of electricity trades. Elexon also engages in various initiatives to enhance market efficiency and promote innovation within the energy sector. With a focus on transparency and stakeholder engagement, Elexon works closely with industry stakeholders to adapt to the evolving energy landscape, including the integration of renewable energy sources and the transition towards a low-carbon economy.
Company facts
- Industry
- Utilities
- Sub-industries
- Electricity Market Management, Settlement Services, Regulatory Compliance, Market Systems Development, Energy Trading
- Location
- London, United Kingdom
- Employees
- 11–50
- Revenue (USD)
- 1–5M
- Founded
- 2001
Products and services
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