Elexon, the administrator for the Balancing and Settlement Code, has announced it is returning £1.5 million of cost savings to trading parties. As well as achieving improvements in efficiency, the not-for-profit company said it has seen costs fall since closing its office on 12 March due to the coronavirus lockdown and in light of the economic impact of the pandemic has also decided not to award an annual pay rise to staff.
Elexon returns £1.5m of cost savings to industry
