Half Hourly Settlement
Half Hourly Settlement offers energy suppliers the opportunity to achieve a range of data-driven benefits ahead of market-wide reform in 2025.
Don’t wait for mandate – the competitive benefits of Half Hourly Settlement are available now.
- Lower your cost to serve
- Enable innovative new energy tariffs – realise the full value of smart meter technology
- Exceed the low-carbon ambitions of your customers
Get ahead of the market with our industry-leading Half Hourly Settlement service and find out what you could save across your smart meter portfolio today.
The challenge
Energy suppliers today are obliged to procure electricity from the wholesale market at 30 minute intervals. However, most UK consumers continue to be settled on a ‘non-half-hourly’ basis using daily reads or usage estimates. The result is an imbalance between supply and demand, which severely affects the bottom line in today’s volatile energy markets — the Half Hourly Settlement service from SMS tackles this dilemma head-on.
The solution
Smart meters, which suppliers are mandated to roll out by 2025, can record the amount of energy consumed within every half hour of the day. This provides suppliers with a golden opportunity to tackle these challenges head on.
- Make the settlement process more accurate and timely
- Generate revenue
- Enable new products, smart tariffs, and innovative services tailored to customers’ actual usage.
Through smart meters, half hourly settlement has the ability not just to significantly lower the cost to serve, but can also deliver positive outcomes for consumers through lower bills, reduced environmental impacts, and an overall better customer experience.
Get ahead of the market: act before Ofgem’s mandate
To encourage the transition to a smarter, greener energy system, by 2025 Ofgem’s market-wide reform means energy suppliers will be mandated to offer their smart meter customers half hourly settlement. Suppliers now have a window of opportunity to gain an immediate advantage and get ahead of the market with Half Hourly Settlement.
We analyse, you switch, we manage, you save
Our industry-first Half Hourly Optimiser – an intelligent data management platform – empowers energy suppliers to utilise their smart meter portfolio to its full capability now, helping unlock immediate savings through more accurate forecasting and procurement.
Supported by an expert team of energy data engineers and analysts, we help suppliers identify the most suitable sites from their portfolio to benefit from half-hourly settlement, providing actual consumption insights into:
- demand shaping
- balancing
- accurate billing
- the creation of new products and services, such as smart tariffs for customers with electric vehicles.
With our Half Hourly Optimiser, suppliers are provided:
- A complimentary review of your entire smart portfolio to identify the target sites for savings
- Expert data analysis and innovative software that can unlock significant and immediate benefits
- The ability to switch supplies back and forth between Half Hourly Data Collection and Non-Half Hourly Data Collection to optimise supplier savings based on consumption profiles
- A fully-managed, integrated data solution
Make an Enquiry
Interested in our data solutions? Get in touch with our expert teams today.
Discover more
Half Hourly Settlement
With Social Energy’s innovative business model dependent on Half-Hourly Settlement from smart meters, our dedicated data offering in this area facilitates our client’s AI platform, helping deliver energy that is 70% cheaper for their customers and 100% clean.
Discover more INSIGHTSEarly adopters of half-hourly settlement stand to benefit as Ofgem announces mandate
With Ofgem’s introduction of Market-wide Half-Hourly Settlement (MHHS) set for 2025,major question for energy suppliers remains: why wait for the market-wide mandate when you can get ahead with Elective Half-Hourly Settlement already?
Read blog INSIGHTSWhy data settlement is a key cog in our modern energy transition
The critical role of smart meters towards creating a decarbonised and more efficient energy system is by now well understood. However, what is often overlooked is the equally important role of meter data services.
Discover moreDiscover more
CASE STUDY
Half Hourly Settlement
With Social Energy’s innovative business model dependent on Half-Hourly Settlement from smart meters, our dedicated data offering in this area facilitates our client’s AI platform, helping deliver energy that is 70% cheaper for their customers and 100% clean.
Discover more
INSIGHTS
Early adopters of half-hourly settlement stand to benefit as Ofgem announces mandate
With Ofgem’s introduction of Market-wide Half-Hourly Settlement (MHHS) set for 2025,major question for energy suppliers remains: why wait for the market-wide mandate when you can get ahead with Elective Half-Hourly Settlement already?
Read blog
INSIGHTS
Why data settlement is a key cog in our modern energy transition
The critical role of smart meters towards creating a decarbonised and more efficient energy system is by now well understood. However, what is often overlooked is the equally important role of meter data services.
Discover more