User:Sasuke Sarutobi/Elexon

Elexon is the company in the electricity industry of the United Kingdom responsible for overseeing the arrangements that enable selling and trading of generated electricity. as well as managing the systems and overseeing the parties that facilitate its operation.

defining, managing, and auditing

NETA and BETTA
The New Electricity Trading Arragements, frequently abbreviated to NETA, were formally implemented on 27 March 2001.

In 2005, the Balancing and Settlement Code was extended to Scotland with the British Electricity Trading and Transmission Arrangements (BETTA).

Purpose
To allow private operation and free-market competition in the electricity industry, certain processes are necessary. These processes include the balancing processes that ensure that net loss of electricity is minimised, and the trading and settlement processes in which suppliers buy electricity from generators and pay distributors to deliver the electricity to end users. The Balancing and Settlement Code defines these processes, the methods by which they are conducted, and the standards expected when they are carried out. It is this code that Elexon administers and facilitates.

Structure
As a private limited company, Elexon

Balancing and Settlement Code
The balancing and settlement processes are defined in the Balancing and Settlement Code, frequently abbreviated as the BSC.

Transmission Company
The Transmission Company is responsible for delivering power nationally from power stations and generation projects, using power lines. Power is then taken from power lines by networks maintained by Distribution Network Operators.

The Transmission Company is National Grid Electricity Transmission (NGET) plc in England, Scottish Hydro-Electric Transmission Limited (SHETL) in Northern Scotland, and Scottish Power Transmission Limited (SPTL) in Southern Scotland.

Distribution Network Operator
The Distribution Network is responsible for the infrastructure and equipment that converts power from power lines distributes it to individual properties and supply points.

Meter Operator
The Meter Operator is responsible for the installation and maintenance of metering at a given supply point, so that consumption data can be collected and processed for settlement and billing.

Data Collector
The Data Collector is responsible for the collection of reads at a frequency and manner specified by the market and contracted agreement with a Supplier or Customer.