Two more processes added to the bilaterals hub

MOSL has confirmed two more bilateral processes have been successfully added to the bilaterals hub under Phase 4 of the programme: B1 (meter installations) and B7 (meter change of size, model or location).

The hub now includes seven bilateral processes, four of which are subject to Operational Performance Standards (OPS) and three which were prioritised due to their impact on customer service, including the customer enquiry process (F4).

In its latest Market Focus newsletter, MOSL said the last – and largest – tranche of processes is due to go live at the end of November, when nine more processes will be added to the hub as part of Phase 6.

The Bilateral Transactions Programme is due to deliver 89% of processes (by volume) by the end of November. The remaining four OPS processes are due to be delivered by the end of March 2023. The final processes, which are raised least frequently by trading parties, are currently being reviewed with a view to combining, de-scoping or designing forms that can be used for multiple processes.