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half hourly
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Regulation and policy
How will consumers take to Market-wide Half Hourly Settlement?
Ofgem published its decision to implement the move to Market-wide Half Hourly Settlement (MHHS) on 20 April. This confirms plans to move to new settlement arrangements over a four and a half year time period, with the Elexon-led Design Working Group’s Target Operating Model to be used as the blueprint. Meters...
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Low carbon generation
The Balancing Mechanism and BSUoS under lockdown
The COVID-19 pandemic and subsequent lockdown restrictions have severely impacted the GB energy market with demand and prices at record lows. As market conditions have drastically changed, National Grid Electricity System Operator (NG ESO) has been much in the spotlight, with the current low demand scenario providing new operational challenges....
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Regulation and policy
Industry codes flex for COVID-19
In response to the growing impacts of the pandemic, which has seen electricity demand drop dramatically and industry participants unable to go about many of their usual activities, a series of temporary changes have been introduced across industry codes to mitigate some of the most severe effects. They have all...
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Home supply and services
Comparing smart tariffs – could it be smarter?
By the end of September 2019, 15.6mn households had a smart meter installed, increasing access to consumption information and monitoring. While only a small proportion of households currently use half hourly tariffs (and there isn’t currently market wide half hourly settlement of domestic smart meters), the industry is widely discussing...
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Low carbon generation
Tomorrow evening could see electricity demand peak for this winter
The latest forecasts from National Grid for electricity demand indicate that tomorrow’s (21st January 2020) evening peak will see the highest half-hour demand so far this winter, with approximately 49GW for the period commencing 17:30. As such, this is therefore likely to be one of the Triad periods used to...
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Regulation and policy
Market Wide Half-Hourly Settlement: Half-way home or just the first steps on the journey to a smart, flexible, energy system?
Ofgem’s electricity settlement reform programme—the Market-wide Half Hourly Settlement (MHHS) Significant Code Review (SCR)—is around the half-way point towards introducing arrangements that ensure the benefits of smart meters can be delivered to enable “a smart, flexible, energy system”. The ambition is for smart meter data to be used within the electricity settlements system to...
