settlement

August 31, 2023

NTT Data: how half-hourly settlement will transform the renewable energy industry

Oliver Bridges, head of energy data at NTT DATA UK&I, talked to Current± about why the upcoming energy market reforms, in particular half hourly settlement, are a game changer for the industry.

‘I suspect there will be a similar scheme to triads next year

April 21, 2021

Ofgem gives green light to half-hourly settlement in retail electricity market

Ofgem has given the green light to rolling out half-hourly settlement across the retail electricity market in Britain.

March 4, 2019

Project TERRE edges closer as Elexon opens market entry process

Elexon, the entity tasked with delivering the UK’s balancing and settlement code, has opened the market entry process for independent aggregators.

October 5, 2018

RWE UK chief lays down five-minute settlement challenge to National Grid

The head of European utility giant RWE’s UK business Tom Glover has challenged National Grid to slash settlement periods to just five minutes by 2030.