Solar Energy UK
Immediate release
21/04/2021
Solar Energy UK has welcomed plans to roll out market-wide half-hourly settlement across the retail electricity market by regulator Ofgem. [1] The decision will unlock a new era for solar and energy storage technologies, which can be used to underpin a smart, flexible energy system and deliver vital grid balancing.
Ofgem plans on implementing the new system over a four and a half year period, with extensive testing due to take place prior to launch in October 2025
Chris Hewett, chief executive, Solar Energy UK said: “One might question the overly cautious length of time set aside for testing in the midst of a climate emergency, but otherwise it is fantastic to see Ofgem is moving the dial on the matter of half-hourly settlement. The decision will undoubtedly enhance innovation in the market and the role of solar and battery storage in supporting the grid.”
A report published by Solar Energy UK last year revealed that the UK requires 4.4 million homes to be equipped with smart solar PV and battery storage in order to cost-effectively manage electricity demand. [2]
The increasing electrification of heat and transport has enhanced the case for on-site solar energy generation and storage in residential and commercial settings, and half-hourly settlement is poised to drive demand for these technologies.
ENDS
Editor’s notes:
[1] Ofgem – Major system upgrade to hit net zero and help cut energy bills: https://www.ofgem.gov.uk/news-blog/our-blog/major-system-upgrade-hit-net-zero-and-help-cut-energy-bills
[2] Solar Energy UK – Smart Solar Homes: https://www.solar-trade.org.uk/wp-content/uploads/2020/07/Smart-Solar-Homes.pdf
For further information or to request an interview, please contact:
Name: Jack Dobson-Smith
Title: Strategic Communications Manager
Main line: 0203 637 2946