MOSL consults on 2024-27 business plan

MOSL has published its 2024-27 business plan for consultation.

Along with core service delivery commitments, the plan set out five key improvement programmes, focused on: Market Performance Framework (MPF) reform; the Strategic Metering Review; the data assurance service; modernisation of market systems; and the Bilateral Transactions Programme.

MOSL said its priority for 2024/25 is to complete the design and build of the MPF, with a view to going live in April 2025. Other priorities this year included developing BR-MeX, strengthening Supplier of Last Resort arrangements, and conducting exploratory work on tariffs and settlement.

The proposed 2024/25 budget is £13.74m, a 12% increase on last year driven principally by inflation and MPF reform costs. Of this, £13.64m will be funded through Market Operator charges and £100,000 from reserves. A further £550,000 of spend is proposed for the Data Assurance Service (previously Data Cleanse Service), funded by wholesalers only.

Consultation closes on 29 January. The plan and other matters were discussed last week at MOSL’s chief executive officers' forum.