The UK’s energy landscape is on the cusp of a significant transformation with the introduction of the Market-Wide Half-Hourly Settlement (MHHS) Programme. Approved by Ofgem in April 2021, this scheme aims to modernise the electricity settlement process by utilising half-hourly consumption data from smart meters and eradicate the use of Non-Half Hourly meters. The introduction of the MHHS will help to enhance the accuracy of energy billing, promote energy efficiency, and support the UK’s transition to a low-carbon future.
Understanding the MHHS Programme
Traditionally, energy suppliers have relied on estimated consumption data which often leads to inaccurate billing and lacks the detail businesses need to understand their energy usage. By mandating the MHHS Programme in the UK, energy suppliers are given highly granular datasets of their customers’ energy consumption and customers are empowered to make informed changes to their consumption habits.
Benefits of MHHS for Businesses
The implementation of MHHS offers several advantages for businesses:
- Energy Efficiency Improvements: Access to detailed consumption data allows organisations to highlight any inefficiencies, optimise their energy usage, and as a result, reduce their operational costs.
- Innovative Tariffs: With access to granular data, energy suppliers can offer time-of-use tariffs that incentivise energy consumption during off-peak periods, offering cost-saving opportunities for organisations that are able to adjust their energy usage in line with these time periods.
- Support for Renewable Integration: Accurate and granular consumption data supports the integration of renewable energy sources by providing a clearer understanding of demand patterns, aiding in the efficient sizing and deployment of renewable generation technologies.
OnGen’s Role in the Evolving Energy Market
At OnGen, we recognise the transformative potential of the MHHS Programme and the role it will play in the energy transition. We are committed to helping our clients navigate this journey. Our services are designed to:
- Optimise Onsite Generation: By analysing half-hourly energy consumption data, we can assist organisations in implementing onsite renewable energy solutions that align with their specific usage patterns, maximising efficiency and return on investment.
- Develop Tailored Energy Strategies: With the insights gained from half-hourly data, we can create bespoke energy strategies that leverage innovative tariffs and demand-side response opportunities, ensuring our clients benefit from cost savings and enhanced sustainability.
- Facilitate the Transition to Net Zero: Our expertise in renewable energy positions us to support businesses in reducing their carbon emissions, contributing to broader environmental goals and compliance with constantly evolving government level regulations.
Preparing for the Future
The MHHS is set to be implemented by Q2 2025. To capitalise on the benefits it offers, businesses should proactively assess their energy management practices and explore opportunities for integrating renewable energy solutions. Working with OnGen ensures access to the expertise and tools necessary to thrive in the low-carbon and renewables space.
In conclusion, the Market-Wide Half-Hourly Settlement represents a pivotal shift towards a more efficient and innoative energy management methods. By embracing this change and leveraging OnGen’s comprehensive services, organisations can position themselves at the forefront of the renewable energy transition, achieving a variety of economic and environmental benefits.
