We are pleased to confirm that the Strategic Panel has approved the Outline Business Case (OBC) for the Market Performance Framework MPF) Reform programme.
The decision means the programme will now begin developing the Full Business Case (FBC) for consideration in September.
The MPF Reform programme is one of the five key improvement programmes in MOSL’s 2023-26 business plan. It is working to deliver a ‘root and branch’ reform of the current performance framework, which was established when the market opened in 2017.
The programme is looking at how the incentives in the market could be improved to ensure they are driving the right behaviours, the appropriate focus from those with accountability for delivery, and positive customer outcomes.
Following the same principles as the Bilateral Transactions Programme, at each of the three stages in the development of the business case, five criteria have been considered: strategic, economic, commercial, funding and delivery.
Our analysis concludes that there is a strong business case for the programme in both financial and non-financial terms at this stage in the process. You can read the Outline Business Case here. The previous Strategic Outline Case is available here.
As an industry-wide programme, trading parties’ involvement and engagement are key to its success, whether responding to requests for input or testing and challenging proposals as a member of the Performance Advisory Group.
MOSL has held two consultations on the programme to date and is currently working to streamline the components into a proposed MPF model for consultation in September/October.
The preferred model looks to satisfy the key principles developed with the industry, including proportionality, simplicity and a focus on customer outcomes.
If you have any questions or comments about the programme, please email
