Project Nexus enables a number of industry changes, the overall goal to increase the efficiency of the gas industry and replace out of date redundant systems and processes.
Independent gas transporters (IGTs) are now able to share data with Xoserve.
Until now IGTs have been unable to share information using the Xoserve system. This has previously caused inefficiencies in the gas industry and gas restricted the visibility of IGT data.
The calculation of a sites AQ has previously been calculated by Xoserve by October. Post Project Nexus Xoserve can provide a more accurate AQ every month after a meter reading is submitted by a supplier.
SOQ is the maximum daily usage of a meter. In addition to monthly AQ changes Xoserve will now be able to change SOQs on a monthly basis for non-daily read sites.
The Formula Year AQ/SOQ have been introduced to help transporters with charging statements. These will be fixed from 01 April to 31 March each year and will be used to calculate transportation charges. This removes the need for the annual AQ review process and there will be no AQ review in 2017.
The introduction of UIG replaces the existing allocation of unidentified gas (AUG). Changes have been made in the calculation of unidentified gas to give a more accurate view and charging structure. Meter points on class 1 will not be charged for UIG.
Dyball Associates are proud to help new supply businesses successfully launch in the UK market.
Through our energy market consultancy services, and the software we've developed, we're supporting new UK electricity and gas suppliers get set up and start supplying.
Follow us on LinkedIn to keep up to date with the latest news and updates in the energy industry.