Business Energy Bills Are Changing: Here’s How You Can Prepare
The business energy market is on the verge of its most significant transformation in over ten years. The upcoming introduction of Market-Wide Half Hourly Settlement (MMHS) will bring substantial shifts for business energy users across the UK.
What is Market-Wide Half Hourly Settlement (MMHS)?
MMHS is a new system for settling electricity use that requires all electricity consumption to be measured and billed in half-hourly increments. Previously, many business customers were settled based on estimated readings or averaged data.
Why Is MMHS Important?
- It enables more accurate billing based on actual consumption.
- Encourages businesses to understand and manage their energy use in real time.
- Supports the integration of renewable energy sources and smart technology into the grid.
- Can lead to cost savings by allowing businesses to shift consumption to cheaper periods.
How Businesses Can Prepare
- Install half-hourly smart meters: Transitioning to smart meters compatible with MMHS is essential since they provide the necessary data granularity.
- Review energy usage patterns: With detailed consumption data, businesses can analyze when and how they use energy.
- Consider demand management strategies: Moving energy usage to off-peak times can reduce bills.
- Engage with energy suppliers and consultants: Early communication will help businesses understand options and adjust contracts accordingly.
"The move to Market-Wide Half Hourly Settlement represents a pivotal moment for business energy management, transforming how companies are billed and incentivized to optimize their usage."
This transition is designed to modernize energy billing and help businesses benefit from a smarter energy system.
This major change prompts businesses to adopt smarter energy habits and technologies, paving the way for potential savings and enhanced sustainability. Are you ready to adapt and take full advantage of MMHS?
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Rotherham Advertiser — 2025-12-01