MOSL ramps up data improvement spend in 2021/22 budget

MOSL has published its 2021-24 business plan for member approval, following refinement and consultation.

The market operator reported broad support from respondents to the draft plan for the key improvement programmes and the overall level of charges put forward. It said the key changes introduced as a result of consultation were the introduction of a new gated investment appraisal and bringing forward tracking process and activity in the "data insight improvement programme".

Gated investment appraisal

The new process was scheduled for 2021/22. MOSL explained: “This will drive value for money, track benefits and enable flexibility within the plan, all of which were called out as key within our consultation responses. All work under our improvement programmes will pass through this new process, as well as key cross-business projects within core service delivery.”

Data insight improvement

The programme will be brought forward by moving £100k of spend from 2023/24 to 2021/22. This was in response to feedback that data improvement is critical to the market and has interdependencies with other improvement programmes.

MOSL members (trading parties) will vote on the 2021/22 budget at a general meeting on 25 February.