Electricity Revolution: Half-Hourly Settlements to Speed Up Net Zero Goal.

Tuesday 23 July 2024

Great Britain has been facing challenges in its energy market due to its unpredictable nature and volatility in recent years. To combat this issue, the government has implemented various policies and strategies to improve energy security while working towards the goal of achieving net zero emissions by 2050.

It is evident that a significant transformation in the energy sector is crucial to effectively decarbonise the economy. This transformation involves managing electricity more efficiently as the country transitions to renewable energy sources and reduces its reliance on fossil fuels.

However, decarbonisation alone is not sufficient. There is a need to revolutionise the supply, consumption, and interaction with electricity to make it more targeted, responsive, and adaptable. This transformation is on the horizon with the Market-Wide Half-Hourly Settlement Programme (MHHS), which has the potential to fast-track the journey to net zero and reshape the electricity landscape into a smart and flexible energy system.

So, what does MHHS mean for you and your business? How can you prepare for its implementation? Kunal Sofat, Head of Programme Delivery at TotalEnergies, delves into the significance of MHHS, the reasons behind its introduction, and how these changes will impact consumers, as well as the role we all have in achieving the net zero target.

Join our ever-expanding community to access the full article and gain insights into the implications of MHHS for businesses and individuals alike. Register or log in with one of our membership tiers to stay informed and engage in the journey towards a sustainable future.