Archive for July, 2016

OFGEM Confirm Project Nexus Delay

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The news that Project Nexus has been delayed until 2017 won’t come as a shock to many people who are involved with the gas supply market. OFGEM confirmed the news in a recent letter to suppliers, in a letter that can be found here:

www.ofgem.gov.uk/publications-and-updates/decision-defer-implementation-project-nexus-ensure-successful-implementation

In short, OFGEM issued a consultation whereby they asked suppliers for their views on a range of four options which had been developed by PwC. After closing and reviewing the responses, OFGEM have confirmed that they are implementing Option C from the consultation:

‘Continue with a programmed delay with a target date of between 1 February and 1 April 2017’