What is MHHS – Market Wide Half Hourly Settlement?
Market Wide Half Hourly Settlement (MHHS) is a major industry initiative to transform the way the electricity market operates. Under MHHS, all electricity customers will have their electricity consumption settled every half hour.
Market-wide Half-Hourly Settlement (MHHS) is a key enabler of the flexibility to support the transition to Net Zero. It will encourage more flexible use of energy and help consumers lower their bills.
MHHS will see a significant move forward in how electricity is used and accounted for and will introduce a faster, more accurate settlement process, introducing site specific reconciliation using half-hourly consumption data for all.
MHHS is being introduced because the current model for settling electricity consumption is not suited to the way in which we generate and use electricity today, nor how we expect to generate and use power in the future.
The UK has a target to move to a zero-carbon electricity grid by 2035. In the Energy White Paper ‘Powering our Net Zero Future’ the government has set out an ambitious programme to build a fairer greener energy system.
All this means that a larger proportion of our electricity is being generated by intermittent renewable sources of generation, such as wind or solar. At the same time, the demand on our electricity grid is increasing due to, amongst other things, greater adoption of electric vehicles and greater use of electricity for heating.
MHHS will modernise this system, allowing suppliers and the grid to settle electricity consumption based on actual consumption data. It will contribute to a more cost-effective electricity system, encouraging more flexible use of energy and helping consumers lower their bills.
What do I have to do to be ready for MHHS?
ENGIE electricity consumers do not have to do anything to move to MHHS, this transition will be handled by ENGIE. A small number of customers may need to agree a site supply capacity with their Distribution Network Operator after the transition. If you are one of these customers, we will be in contact to explain what you need to do.
