Ofgem eyes regulation changes as concerns over high BM costs mount
Ofgem has stated it is ready to use its powers to change market rules if necessary in light of balancing costs doubling between September and November.
Articles tagged with: balancing
National Grid ESO to review balancing market following rising prices
National Grid ESO is to undertake a review of the balancing market, citing “very high-cost days” in the Balancing Mechanism in recent weeks.
EVs to be used for grid balancing in SSE partnership with Jedlix
SSE is looking to reduce "dependency" on traditional battery storage in a new deal with Netherlands-based electric vehicle (EV) smart charging provider Jedlix.
'Extreme pricing' raising winter concerns as GB imbalance price soars to £4,000/MWh
Concerns over pricing as GB heads into the colder months are rising following numerous power price records being broken yesterday (9 September).
National Grid ESO eyes dynamic day-ahead reserve setting in Smith Institute project
National Grid ESO is to explore moving to dynamic day-ahead reserve setting as part of a new project with Smith Institute.
Potential for scaling vehicle-to-grid ‘feels imminent’ as new opportunities open up
The introduction market-wide half hourly settlement, the opening up of the Balancing Mechanism and a significant code review being implemented from 2023 represent new opportunities vehicle-to-grid (V2G).
Elexon looks to go ‘one step beyond’ with P375 BSC modification
Visibility issues at the boundary point led to the P375 Balancing and Settlement Code (BSC) modification P375 being raised last year, with administrator Elexon looking to go "one step beyond" previous modifications to allow individual asset meters to be used for settlement purposes.
Current± sat down with SMS MD Mark Hamilton to discuss how FlexiGrid is managing demand in Orkney, what’s next for the ReFLEX project and what Solopower has to offer.
National Grid ESO hails milestone as STOR moves to daily auctions
National Grid ESO has hit a key milestone in its Clean Energy Package, as it begins procuring Short Term Operating Reserve (STOR) on a daily basis.