Two investment bankers weekly explore how tech, finance, markets and regulations are radically redefining the world of energy: Renewable Energy, Electric Cars, Hydrogen, Battery Storage, Digitisation... Your co-hosts: from Berlin, Gerard Reid and from London, Laurent Segalen. Our LinkedIn page: https://www.linkedin.com/company/redefining-energy/ X handle: @Redef_Energy
All content for Redefining Energy is the property of Laurent Segalen and Gerard Reid and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Two investment bankers weekly explore how tech, finance, markets and regulations are radically redefining the world of energy: Renewable Energy, Electric Cars, Hydrogen, Battery Storage, Digitisation... Your co-hosts: from Berlin, Gerard Reid and from London, Laurent Segalen. Our LinkedIn page: https://www.linkedin.com/company/redefining-energy/ X handle: @Redef_Energy
205. Elexon: The Hidden Engine of Britain’s Power Market - nov25
Redefining Energy
29 minutes
2 days ago
205. Elexon: The Hidden Engine of Britain’s Power Market - nov25
Running a power market isn’t just about generating electricity—it’s about making sure every kilowatt is accounted for. Someone has to calculate who owes what, make sure the rules are fair, and keep the system balanced in real time. Think of it as being an accountant, a banker, and a referee—all rolled into one. In the UK, that vital but largely invisible role is handled by Elexon.
Elexon is the Balancing and Settlement Code Company (BSCCo) for Great Britain. They are the neutral heartbeat of the electricity market, making sure the lights stay on and energy imbalances are accurately billed. They provide the transparency, fairness, and precision that keeps the whole system running—and prevent anyone from gaming the market. Formerly part of National Grid, Elexon has always been independent and is owned by the 13 largest market participants.
In this episode, Laurent and Gerard sit down with Peter Stanley, CEO of Elexon, to dive deep into the nuts and bolts of the balancing market. They break down why system costs have quintupled in recent years, hitting £8 billion a year, how settlement processes are being modernized, and the surprising ways AI is starting to shape the market.
Elexon isn’t just about numbers—it’s the backbone of the UK’s Clean Power by 2030 plan (CP30). By keeping the system balanced and efficient, Elexon is helping drive the near-total elimination of fossil fuels from the power grid, making a cleaner, greener future possible.
Get ready for a technical—but fascinating—ride behind the scenes of the UK electricity market.
Redefining Energy
Two investment bankers weekly explore how tech, finance, markets and regulations are radically redefining the world of energy: Renewable Energy, Electric Cars, Hydrogen, Battery Storage, Digitisation... Your co-hosts: from Berlin, Gerard Reid and from London, Laurent Segalen. Our LinkedIn page: https://www.linkedin.com/company/redefining-energy/ X handle: @Redef_Energy