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Helping you make sense of the energy and water sectors

Market research & Insight

Issue 449 | P272

Issue 449 | P272

Josephine Lord Josephine Lord Consultant

Ofgem decisionP272 Mandatory Half-Hourly Settlement for Profile Classes 5-8 30 October 2014 Ofgem issued its decision to approve the alternative for this proposal on 29 October. P272, raised by Smartest Energy, will mandate that consumers in Profile Classes 5-8 are settled using half-hourly (HH) consumption data. The alternative proposal is the same as the original but sets an implementation date of 1 April 2016. The regulator has concluded the modification will promote competition in the supply of electricity to larger non-domestic consumers by incentivising suppliers to offer a wider range of offers for customers. It considers mandating the use of HH consumption data in settlement ...

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