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costs
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Regulation and policy
Taking charge: the MHHS implementation levy
On 10 June the BSC Panel approved the Market-wide Half Hourly Settlement (MHHS) Implementation Charge for 2021-22. The new charge, introduced under modification P413 Market-wide Half Hourly Settlement Programme Manager, will cover Elexon’s programme management costs for MHHS implementation. It will be levied on suppliers on a monthly basis, based...
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E-mobility and low carbon
Chart of the week | Fleet Electrification to drive EV uptake
The UK government has set measures to “effectively” ban the sale of all new internal combustion engine (ICE) vehicles from 2035 onwards to support the UK’s target to achieve net zero by 2050. It is expected that electric vehicles (EVs) will replace petrol and diesel as the primary mode of...
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Regulation and policy
Chart of the week | The shifting sands of settlement
Ofgem issued its draft impact assessment and consultation on Market-wide Half Hourly Settlement (MHHS) on 30 April. The MHHS significant code review (SCR), which has been running since July 2017, aims to utilise the smart meter rollout and reform the electricity settlement arrangements. These reconcile the difference between how much energy a...
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E-mobility and low carbon
Pixie Chart of the week | EV and HHP deployment forecast to reduce electricity costs
In this week’s Pixie Chart of the week, we investigate the impacts on electricity wholesale costs if rapid deployment scenarios of electric vehicles, hybrid heat pumps or a combination of both are put in place. Research from Vivid Economic and Imperial College London shows that electricity costs could drop by as much...
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Regulation and policy
Chart of the week | Reassuringly expensive
In this week's Chart of the week looks at the rise third-party charges (TPCs). These have been on the rise with costs to the households almost doubled since the start of the decade. We also explore the reasons behind the general uptrend in TPCs. As well as this we forecast...
