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Market research & Insight

Issue 853 | Outline Business Case for Market-wide Settlement Reform

Issue 853 | Outline Business Case for Market-wide Settlement Reform

Emma  Bill Emma Bill Analyst

Outline Business Case for Market-wide Settlement Reform 21 August 2018 Headline Assessment 1 Assessment & recommendation On 17 August, Ofgem published its Outline Business Case for market-wide settlement reform, which identified significant potential system-wide benefits. This has led the regulator to reason that its decision on the project should centre on when and how, rather than whether, market-wide settlement reform should be introduced. This is the latest milestone in Ofgem’s Settlement Reform Significant Code Review, which has focused on moving to half-hourly settlement (HHS). This is still the regulator’s intended outcome to mirror the wholesale market, but it said that ...

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