The top ten most expensive days in the Balancing Mechanism (BM) ever have occurred in the last three months, as costs soar to £967 million.
National Grid ESO is to undertake a review of the balancing market, citing “very high-cost days” in the Balancing Mechanism in recent weeks.
Day-ahead power prices in Great Britain rose to £2,000/MWh in the N2EX auction for 17:30 on 15 November, according to EnAppSys.
National Grid ESO is to publish the carbon intensity of its balancing actions for the first time as part of a new electricity system dashboard.
Pivot Power, Wärtsilä and EDF’s 50MW/50MWh Kemsley battery energy storage system has gone live.
SSE is looking to reduce "dependency" on traditional battery storage in a new deal with Netherlands-based electric vehicle (EV) smart charging provider Jedlix.
Octopus Electric Vehicles is preparing a path for its vehicle-to-grid (V2G) project Powerloop to become the first to enter National Grid ESO’s Balancing Mechanism.
Tight margins are to characterise this year’s winter period, with significant price spikes in the Balancing Mechanism possible.
Kaluza and Flexitricity have teamed up to offer demand response in the Balancing Mechanism, optimising domestic battery storage and electric vehicle (EV) batteries.