Market Wide Half Hourly Settlement - ESG
Market Wide Half Hourly Settlement
Don’t get left behind.
Our major concern for every customer is that you are ready for the data explosion and big system changes that MHHS will bring. There are significant costs in making the changes, but there are also many clear benefits and opportunities that will give you value down the track. If you don’t get the changes right, you will probably get left behind.
What's happening?
UK energy suppliers are about to undergo a colossal change. In the next three years, Ofgem will introduce a ‘half-hourly’ settlement. The new mandated rules will require electricity companies to improve their settlement processes and help energy users save money.
This will be a major change for UK energy companies – retailers and their agents. Every provider will have to process more data than they can handle now – much more.
£4.5
Ofgem estimates Time of use tariffs could save consumers up to £4.5 Billion
Download our MHHS Whitepaper
We’ve created a whitepaper to explain how Market wide half hourly settlements will effect your business and your customers. It also highlights the opportunities that the new service brings.
Want to know more about MHHS?
Listen to our MHHS Fireside chat
ESG Industry experts Carolyn Burns, Steve Veal and Drew Green recently joined us for a introductory session around the implications of MHHS and what it means for suppliers, consumers and ESG. You can listen to the full conversation here.
14B
Suppliers will need to handle billions of rows of data every month.
Learn more about market wide half hourly settlements.