CPM058 & CPW149

Market Performance Framework Reform

Summary of this change

CPM058 & CPW149: This change seeks to reform the Market Performance Framework (MPF) to ensure it is simple, flexible, effective and powerful in application, to provide customers and Trading Parties with confidence in the market at a reasonable cost. This change will be delivered in four parts:

(a) 'Governance' was recommended by the Code change Committee in April 2024 and is currently awaiting an Ofwat decision

(b) 'Non-Financial Tools' was recommended by the Code change Committee in May 2024 and is currently awaiting an Ofwat decision

(c) 'Cyclical and Transfer Reads KPIs' is forecast to be recommended by the Code Change Committee in December 2024 

(d) 'Bilateral Hub and Data Assurance KPIs' is forecast to be recommended by the Code Change Committee in April 2025 

 

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