Today we’ve published a ‘MOSL Talks’ video on the Market Performance Framework (MPF) Reform featuring Adam Richardson, our Market Development Director. This is the first in a series of interviews we plan to publish to provide greater insight and transparency for trading parties and wider stakeholders on our key improvement programmes.
The interview with MOSL’s Corporate Affairs Manager, James Higgins, sets out the future direction of the programme as we move into 2024 and 2025 and outlines how MOSL has responded to the feedback received on the programme in and around the second consultation, which was held in Spring 2023.
The interview highlights how we are working to streamline the new framework following the last consultation and we expect to publish the activities that are proposed to be in scope along with the Outline Business Case at the start of July.
The timestamps for the questions are set out below. You can also view these sections by clicking on the 'chapters' icon on the bottom bar of the video:
- (00.26) What is an MPF?
- (01.50) Why does the MPF need reforming?
- (03.24) Why has MOSL taken a broad approach to the programme before simplifying?
- (05.28) What are the design principles for the new MPF?
- (06.46) How have we chosen the areas that the future MPF should cover?
- (08.30) How is MOSL planning to ensure that the future MPF contains proportionate costs and benefits for both retailers and wholesalers?
- (10.22) As the market is competitive, should we be looking at an MPF that contains few or no performance incentives?
- (12.35) How will the reformed MPF align with market codes and also things that sit under off what's remit to monitor?
- (15.15) What are the next steps in the MPF reform programme?
- (16.45) When will the new framework be implemented?
- (18.25) How will trading parties and wider stakeholders have their say in agreeing the new measures?
- (19.37) What does success look like for you?
Please note, a descriptive transcript has not been provided as the visuals in this video do not provide additional information.
If you have any questions or feedback on the video, please email
