Project Nexus, the gas settlement reform programme, is set to go live on 1 June after the Project Nexus Steering Group met today to make the final go/no go decision. Yesterday, Ofgem told the steering group it would not delay Project Nexus go-live, clearing the path for a go-live decision.
The regulator said: “It is not possible for a project of this nature, to eradicate all risks. Risks have been reviewed at every Project Nexus Steering Group meeting via the Risk Landscape, but there may be some which need resolving post go-live. However, do not believe that a further delay beyond 1 June would materially reduce them or tackle the known issues that need to be resolved after go-live. We are aware, on the other hand, that any such delay would cause significant costs and disruption to industry.”
Project Nexus will implement new business processes for gas settlement reform and the single service provision for all gas transporters. The system will cover any gas transaction from wholesale shipping to any company involved in switching domestic gas customers. The project has been under development for more than a decade and has been rescheduled and rescoped several times.
Ofgem also said that for a period of 6 days around the cutover period, customer switches could take up to an additional 3 days to complete as a consequence of the cutover to the new systems. On Monday, SSE warned customers in a tweet: “If you’re switching gas supplier, there’s an industry change from 23 May to 1 June,so it may take longer to transfer” and directing customers to the Ofgem website.
Project Nexus key dates:
19 May 2017 – Go / No-Go decision will be confirmed at a subsequent meeting on 19 May.
22 May 2017 – Barring an unforeseen event, the industry will then move to a ‘fix forward’ situation on 22 May.
1 June 2017 – The industry will begin working with the new system in.
Ofgem and Xoserve have published a FAQ document for for all stakeholders. Click here to download.
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