Explore our curated selection of industry links for quick access to key resources, guidance, and regulatory updates.
The Office of Gas and Electricity Markets regulate the Gas and Electricity markets in Great Britain. OFGEM ensure that the Electricity and Gas Consumer have a better service, and value from their chosen Supplier by promoting competition, and also regulating all parties involved in the GB Market. OFGEM ensure that all Market Participants comply with the Licence Conditions set out in each Parties licence.
ELEXON is the Balancing and Settlement Code Company (BSCCo) defined and created by the Balancing and Settlement Code (BSC or 'the Code'). Licensed electricity companies are obliged to sign the Code. It is possible for other parties to sign up to the code also should they wish to do so. ELEXON have certain obligations placed on them. Their main obligation however, is to ensure that participants in the market operate in compliance with the Code.
The Retail Energy Code (REC) is the governing framework for the retail electricity and gas markets in Great Britain. It sets out the rules, obligations, and standards that all market participants—including Suppliers, Meter Operators, and Shippers—must follow to ensure fair, efficient, and transparent operations. By defining processes for registration, metering, data exchange, and settlements, the REC helps maintain market integrity, protect consumers, and support industry-wide innovation and initiatives such as Faster Switching and Market Wide Half Hourly Settlements.
Market Wide Half Hourly Services (MHHS)
The Market Wide Half Hourly Settlements (MHHS) program is a major industry initiative designed to modernise electricity settlement processes in Great Britain. By moving to half-hourly settlement for all electricity consumers, MHHS increases accuracy, improves visibility of consumption patterns, and enables smarter energy management. The program involves extensive system updates, process changes, and industry testing, ensuring that Suppliers, Meter Operators, and other market participants can deliver more efficient, transparent, and customer-focused services.
Xoserve is the central service provider for the UK gas market, managing critical data, systems, and processes that underpin the efficient operation of the gas network. Acting as a hub for Shippers, Suppliers, and Distribution Networks, Xoserve ensures accurate registration, billing, and data exchange across the market. Their services support compliance, transparency, and operational efficiency, making them a vital partner for all participants in the UK gas industry.
The Data Communications Company (DCC) is the central body responsible for managing secure, reliable communication between smart meters and energy suppliers across Great Britain. Smart DCC enables the seamless exchange of data, supports industry initiatives like smart metering and Market Wide Half Hourly Settlements, and ensures compliance with regulatory requirements. By providing this essential infrastructure, Smart DCC plays a key role in delivering more accurate billing, improved energy management, and enhanced services for consumers and market participants alike.