On 19 November 2021, Ofgem approved Elexon’s Business Separation Plan for the Market-wide Half Hourly Settlement (MHHS) Programme.
In Ofgem’s decision document, they state that the decision “provides a reasonable basis for ensuring that the service providers, personnel, IT systems and facilities that Elexon uses to perform its role as MHHS Implementation Manager are sufficiently separated from those it uses as an MHHS Participant.”
Elexon has collaborated with Ofgem to ensure the Separation Plan mitigates the potential conflict of interest risk and is aligned with the BSC and MHHS Governance Framework. The Business Separation Plan supports the required physical, organisational and cultural programme separation.
Read more about this on the BSC website.
MHHS is one of the biggest changes to energy markets since retail competition was introduced in the late 1990s, enabling a smart, flexible energy system that will help us on the path to Net Zero.
The MHHS website gives more details about the programme and its objectives.