Big shake up for consultants will be the talk of ELCC amid volatile markets and regulations

Staff
By Staff
2 Min Read

Today’s Energy Live Consultancy Conference comes at a pivotal moment for TPIs and brokers, as the sector faces the biggest wave of regulatory and market change in decades.

Labour and Ofgem have already signalled a much tougher consumer protection regime, with Ofgem handed stronger enforcement powers and the ability to crack down directly on poor market behaviour.

The regulator is also expanding its oversight into new areas of the energy market as suppliers brokers and service providers face rising scrutiny around transparency conduct and customer outcomes.

At the same time brokers are navigating renewed wholesale market volatility triggered by the Iran war and disruption through the Strait of Hormuz.

Oil and gas prices have surged again in 2026 pushing suppliers to withdraw fixed deals reprice contracts and reassess risk exposure across the market.

Another huge structural shift is Market-wide Half-Hourly Settlement (MHHS) which is now rolling out across the sector.

Suppliers are beginning the migration process this year with Ofgem and Elexon describing it as one of the biggest electricity market reforms since privatisation. And I am delighted to say Sara Vaughan the Elexon chair will be explaining it all to our delegates.

MHHS will fundamentally change how electricity is bought sold and settled by using actual half-hourly consumption data rather than estimates.

That opens the door to far more dynamic tariffs flexibility services and demand-side products — but also creates major operational and commercial challenges for brokers helping customers navigate an increasingly complex market.

We will explore all this and plenty more, there will be networking and some great market insights. Our thanks to all our sponsors and partners and we look forward to seeing you all today.

Full content from the sessions will be available online after the event.

Copyright © 2026 Energy Live News LtdELN

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