Decision for agent functions under market-wide settlement reform
Decision
- Publication date
- Industry sector
- Supply and Retail Market
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 and a consultation on our proposals in September 2018. Our proposed position was that our work on market-wide settlement reform should not include centralisation of agent functions. Additionally, we said that we thought that there may well be a case for future models where data is not aggregated for submission into central settlement systems so that the data aggregation role may no longer be required in its current form.
We have carefully considered the responses to our consultation, and we are now confirming our consultation proposals. Our decision and reasoning are set out in this decision document.