ELEXON plays a vital role at the heart of the wholesale electricity market. The company compares how much electricity generators and suppliers said they would produce or consume with how much electricity they actually generated and supplied. After calculating these volumes, ELEXON works out a price for the imbalances and charges organisations accordingly. This involves taking 1.2 million meter readings every day and handling over £1.5 billion of their customers’ funds each year. Keeping their customers’ data secure is of paramount importance. A recent study by Cambridge University’s Centre for Risk Studies identified the energy sector as a significant target for hackers. With 15% of all cyberattacks in the UK being directed at this sector, it is second only to the financial servic

Join for free to read