Elexon | Practical Law
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Elexon
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Elexon
Practical Law UK Glossary w-001-5925
(Approx. 3 pages)
Glossary
Elexon
A limited company, currently wholly owned by
National Grid
, which provides payment and settlement services under the
Balancing and Settlement Code
(BSC), and, through its subsidiary, EMR Settlement Limited, settlement services for the
Contracts for Difference
(CFDs) on behalf of the CFD counterparty (the
Low Carbon Contracts Company
or LCCC) and the body responsible for
Capacity Market
payments (the Electricity Settlement Company or ESC) and various other industry roles. For more information, see
Practice notes, Electricity industry: overview
and
Balancing and Settlement Code: market roles
.