MHHS: The Biggest Change to Electricity Settlement Since 1998
Market-wide Half-Hourly Settlement (MHHS) is an Ofgem-mandated, Elexon-delivered reform of how electricity is settled across the entire market under the Balancing and Settlement Code (Modification P478). It represents the most significant and sweeping change to electricity settlement since the market was fully opened in 1998. But what does Market-wide Half-Hourly…