Ofgem unveils plan for electricity retail market-wide half-hourly settlement

The new system is predicted to help consumers save between £1.6 billion and £4.5 billion by 2045

Ofgem: Half-hourly settlement can help cut energy bills

Half-hourly settlement is a “major” part of the UK’s smart and flexible energy system and will help reduce bills. That’s according to Ofgem, which adds it is also expected to increase the number of time of use tariffs and other types of smart products available to consumers. Suppliers currently estimate customers’ electricity consumption based on […]