7th July 2016 | Posted by: Daniel Birkett | Industry News

Ofgem have announced that the implementation of Project Nexus will be pushed back to 2017.

Following a consultation between Ofgem and selected industry participants it was decided that the launch date of Project Nexus  would be pushed back to 2017. Previously scheduled to be implemented on the 1st of October 2015, the scheme is now set to be revised to ensure it is delivered successfully.

Project Nexus aims to ensure that the UK gas link system between market participants meets current and future requirements. Participants will be required to update their own IT systems to work in conjunction with the new Xoserve system; the chosen service to manage the gas industry's data and processes.

Ofgem claim that the new launch date is expected to be between the 1st of February 2017 and the 1st of April 2017. The government regulator stated that the original implementation date was too risky for consumers and the amendment will "provide sufficient time to allow for a successful implementation."

A timetable of upcoming planning activities has been released by Ofgem and the revised delivery plan is expected to be finalised on the 1st of August 2016; when an official launch date for 2017 will be announced.

If you would like to keep up to date on any changes in regards to Project Nexus, or the gas and energy markets in general then feel free to follow Apollo Energy on Twitter.