Consultation on supplier agent functions under market-wide settlement reform
Consultation
- Upcoming
- Open
- Closed (awaiting decision)
- Closed (with decision)
- Publication date
- Closing date
- Industry sector
- Supply and Retail Market
- Decision
Supplier agents carry out certain functions related to settlement on behalf of suppliers (or, in some cases, customers). As part of our work on market-wide settlement reform, we have been considering whether or not to centralise functions currently performed by supplier agents.
We previously published a working paper on agent functions in March 2018. This considered whether or not a central agent could have merit in principle, using six analytical areas. We now provide additional information on each of these areas, based on feedback from stakeholders and further analysis.
Our proposed position is that our work on market-wide settlement reform should not include centralisation of agent functions. Additionally, we think that there may well be a case for future models where data is not aggregated for submission into central settlement systems. The data aggregation role may no longer be required in its current form.
We are consulting on our proposed position. This consultation runs until 12 November 2018. Following this, we will consider responses and decide whether or not to proceed with our proposal. We envisage issuing our decision around winter 2018/19.
Respond name
Anna Stacey