MOSL has published its Annual Report and Financial Statements for 2025/26, highlighting a year of strong operational performance and carefully managed improvement programmes.
During the year, MOSL achieved 21 of its 23 key performance indicators, delivered 92% of its business plan commitments and increased trading party satisfaction from 3.6 to 4.1 out of 5 (based on Trading Party Survey scores).
Key achievements highlighted by MOSL included:
- Successful launch of the reformed Market Performance Framework
- Delivery of Phase 1 of the Smart Meter Read Hub
- Completion of the final Bilateral Hub programme release
- Continued improvements to market systems, cyber resilience and data quality
MOSL said its total spend for 2025/26 was 1.9% below its approved budget, reflecting commitment to driving cost efficiencies and carefully managing the annual budget.
Sarah McMath, CEO of MOSL, said
"I’m proud that we have continued to deliver meaningful improvements for the market in 2025/26 while maintaining a strong focus on cost efficiency and value for money. By effectively prioritising across our programmes and having robust governance in place, we have delivered all major milestones whilst maintaining strong service delivery. Most importantly, this has been achieved through collaboration with trading parties, and MOSL colleagues’ ongoing commitment to improving the market we operate, for the benefit of all."
MOSL’s enhanced Annual Report aims to provide transparency and visibility of MOSL’s performance, including audit activities, Board governance and risk management.
Following approval from the Board, members will be asked to formally adopt the Annual Report and Financial Statements at a General Meeting being held at the end of July. Notice of the General Meeting will be sent to members at least 14 days in advance.
Click here to download MOSL Annual Report & Financial Statements 2025-26
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