Flexitricity hails new milestone as its VPP grows beyond 500MW
Flexitricity’s virtual power plant has hit a new milestone, with more than 500MW of capacity under management.
Articles tagged with: balancing mechanism
Arenko to start intraday EPEX trading as it expands battery optimisation platform
Battery storage software provider Arenko is expanding its services to allow intraday European Power Exchange (EPEX) trading.
Use of Balancing Mechanism doubles as COVID-19 highlights imperfect system
The Balancing Mechanism (BM) was used twice as much throughout April and May 2020 as the previous year, due to the impact of COVID-19.
Project TERRE takes another forward with deployment of settlement software
Project TERRE is continuing to move forward, with technical changes that allow Great Britain to join and trade using the platform deployed.
Record power prices and carbon lows over the bank holiday keep National Grid ESO on its toes
It was another exceptional bank holiday weekend for Britain’s electricity network, with power prices hitting new record lows as carbon intensity dropped to its lowest point ever.
Flexitricity hails milestone as first VLP to trade in the new BM
Flexitricity has become the first Virtual Lead Party (VLP) to trade in the balancing mechanism (BM) since the wider access agreements were brought in.
Flexitricity's founder and chief strategy officer Dr Alastair Martin explores how demand has changed since the lockdown was brought in in the UK, how the Balancing Mechanism has responded and whats needed now to turn this glimpse of the future into a reality.
Summer Outlook 2020: COVID-19 could cause 20% demand drop in 'uncertain' period
Summer demand could fall by up to 20% due to the effects of COVID-19, according to National Grid ESO.
Ofgem fines InterGen £37m for market manipulation sending ‘strong message’
Ofgem has fined InterGen £37 million for sending National Grid misleading signals to make what the regulator has described as a “substantial profit”.