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The implementation of Project Nexus, which will make significant changes to the gas market, has been delayed until October 2016, Ofgem has announced.
The regulator has delayed the implementation from September 2015 to allow “robust systems testing and market trials” to take place, industry newswire Utility Week reported.
Project Nexus is looking to replace the UK Link system, which works out how to charge and settle UK business gas and is currently operated by Xoserve. Project Nexus aims to ensure that the replacement systems meet current and future needs.
The new systems were due to be implemented on 1 October 2015 but Ofgem, the Government regulator for UK gas markets, admitted some time ago that “this date is at risk”. Despite “taking steps to strengthen the governance, management and assurance of Project Nexus”, PwC advised Oftem earlier this year that the October date was not realistic, much to their apparent disappointment.
The time needed test systems ahead of market trials for gas transporters and shipping means that Ofgem have just stated that the project will go live in October 2016, with a series of milestones to achieve in order to increase transparency.
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Super helpful and easy to work with
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An Extremely Competent Company
"Switch my business has not only helped my SME secure a good energy deal for the second year running but Jessica swiftly found a alternative supplier for me when I was let down on the day of switching by the new contractual provider I had chosen some 4 months previously. Being suddenly out of contract and without provider is everyone's energy nightmare. Greatest thanks."This review was posted by S McMillan on the 29th of March 2017
Helpful, friendly and we saved lots of money!
"Jessica Purnell was helpful and friendly, she made the whole process easy and simple AND we saved lots of money thanks Jess"This review was posted by Melanie Baker on the 23rd of March 2017
Quick & Easy
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