On 1 August the BSC changes needed for EMR were directed by the Secretary of State. This is an important milestone for us, as it provides the framework for us to carry out our role as the EMR Settlement Services Provider. This change to our Vires supports our position as a trusted and independent organisation at the centre of the energy industry to develop solutions to common industry problems. The letter from DECC confirming this direction can be found here.
The suite of secondary legislation required for Electricity Market Reform (EMR) also came into force on 1 August. This is a significant milestone for the delivery of the EMR Programme which sets out to transform the energy market to ensure the UK has secure, low carbon and affordable electricity in years to come.
Full details of all these changes can be found in EMR Circular 13.