Ofgem is consulting on the development of a digital solution enabling consumers to share their energy data with trusted third parties so that they can receive tailored services to manage their energy bills.
The digital solution will need to allow consumers the ability to grant their consent to share data, together with the more complex aspects of managing, reviewing, and revoking that consent, if necessary.
Ofgem has proposed options for either, ElectraLink, the Retail Energy Code Company, or the Smart Data Communications Company to be the delivery body for this solution, with responsibilities to develop, implement and maintain the solution.
Elexon’s view
Elexon is a leading provider of wholesale market data for energy companies and innovators, and we are committed to supporting the sector on improving the accessibility, discoverability, and interoperability of data.
Our role in data provision will increase once half hourly Settlement is implemented, when we will be processing around 500 billion readings per year. We have built a smart meter data repository (which is hosted on our Kinnect platform) to provide open access to half hourly data. This granular data can support the innovation needed to meet the Clean Power 2030 and Net Zero targets.
We fully support the need for a digital solution allowing consumers’ to share their data and maintain control over consent. We are committed to working collaboratively with the delivery body Ofgem appoints to integrate our smart meter data repository with a standardised and trusted consent solution. This will empower consumers to make informed choices in a conscious and transparent way.