Ofgem has stepped in to take ownership of Project Nexus, the system that will underpin processes including settlement and meter registration for the gas supply industry, in an effort to keep the project on track. But the project looks unlikely to go live as planned on 1 October.
The project has been under development for more than a decade and has been rescheduled and rescoped several times, but it was described by Centrica, in a submission to the Competition and Markets Authority (CMA), as “central to resolving many of the current issues with gas settlement”.