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MHHS Qualification Assessment DocumentDocument Owner BSC and REC Code Bodies Status Draft Elexon Limited 2024Document Number MHHSDEL2296 Date 16/02/2024Version 0.1 Classification PublicPage 1 of 531.
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What is market-wide half hourly settlement?
Market-wide half hourly settlement is a process used in electricity markets where the consumption and generation of electricity are settled at half-hour intervals rather than on a daily basis, allowing for more accurate pricing and settlement based on actual usage.
Who is required to file market-wide half hourly settlement?
All electricity suppliers and network operators participating in the electricity market are required to file market-wide half hourly settlements.
How to fill out market-wide half hourly settlement?
Filling out market-wide half hourly settlement typically involves submitting consumption and generation data for each half-hour period, along with any necessary supporting documentation and adherence to the prescribed formats set by the regulatory authority.
What is the purpose of market-wide half hourly settlement?
The purpose of market-wide half hourly settlement is to improve the accuracy and fairness of electricity pricing by matching supply and demand more closely in real-time, thus ensuring better allocation of resources and reducing potential imbalances.
What information must be reported on market-wide half hourly settlement?
The information that must be reported includes half-hourly meter readings, data on consumption and generation, any relevant adjustments, and other metrics required by the regulatory body overseeing the settlement process.
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