Project Nexus go-live is set to be delayed. Ofgem is consulting on several future options for the new settlement system for the gas industry, which was due to go live on 1 October, but it is now likely to be between 1 February and 1 April next year. Ofgem’s preferred option is to delay by between four and six months and it is consulting on that decision.
The regulator wants a response from the industry by 22 June on the key question:
Do you agree that the Authority should re-plan the approach to go-live and agree to “continue with a programmed delay”, with a new implementation date between 1 February 2017 and 1 April 2017?
Project Nexus will replace the settlement, meter point registration and other functions in the gas market. It has already been delayed several times, full details here.
Ofgem said it “would be unacceptable to Ofgem for consumers to have to endure inaccurate or late bills as a result of Project Nexus.”
It added, “As the programme moves into a critical phase, with four months before go-live, Xoserve and industry participants are experiencing a range of challenges that place the current go-live date at significant risk.”
More details on Project Nexus here