MOSL launches central bilaterals hub

MOSL has launched a new central hub to manage bilateral processes between wholesalers and retailers, and the market has adopted the first process to manage though it – the verification of meters (C1) or other supply arrangements. This is the most common process in the market, equating to more than 17,000 transactions in 2020/21.

Commenting on the launch, programme, director ,John Gilbert, said: “Bilateral transactions have been a major source of frustration since the market opened. Today marks the first step towards having these processes managed in one central system, which will help make processes faster, simpler and more reliable…Work is already underway to review, refine and agree other bilateral processes in readiness to add them to the bilateral hub in a series of releases over the coming months. We look forward to supporting our members as they begin using the hub for the first time today and to working with them on future processes.”