Articles tagged with: balancing mechanism

The average daily cost of the BM was £16.4 million in November 2021. Image: Getty.

Balancing Mechanism costs soar to £967m between September-November

6 Dec 2021, 11:40

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.

The review of the balancing market is to help the ESO understand the factors driving the market. Image: Getty

National Grid ESO to review balancing market following rising prices

29 Nov 2021, 14:36

National Grid ESO is to undertake a review of the balancing market, citing “very high-cost days” in the Balancing Mechanism in recent weeks.

Modelling from EnAppSys suggests a dozen of these events could occur this winter period. Image: Getty.

Low winds see day-ahead GB power prices soar to £2,000/MWh

16 Nov 2021, 17:11

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.

The share of renewables has grown exponentially in recent years, helping to drive down the carbon intensity of the grid. Image: National Grid.

National Grid ESO to reveal carbon intensity of balancing actions on new dashboard

2 Nov 2021, 10:27

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.

The new battery asset has been installed on Pivot Power's Kemsley site. Image: Pivot Power.

Pivot Power, Wärtsilä and EDF switch on 50MW/50MWh Kemsley battery

25 Oct 2021, 14:34

Pivot Power, Wärtsilä and EDF’s 50MW/50MWh Kemsley battery energy storage system has gone live.

SSE and Jedlix are aiming to enter other flexibility markets in the future using EVs. Image: SSE.

EVs to be used for grid balancing in SSE partnership with Jedlix

13 Oct 2021, 10:57

SSE is looking to reduce "dependency" on traditional battery storage in a new deal with Netherlands-based electric vehicle (EV) smart charging provider Jedlix.

Powerloop uses over 130 Nissan LEAF's with Wallbox's Quasar V2G chargers. Image: Octopus EV.

Octopus’s V2G project Powerloop to enter Balancing Mechanism

12 Oct 2021, 12:29

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.

National Grid ESO has stated there is sufficient capacity available for winter 2021/22. Image: Getty

Winter Outlook 2021: Tight margins and high prices to define winter period

7 Oct 2021, 12:47

Tight margins are to characterise this year’s winter period, with significant price spikes in the Balancing Mechanism possible.

EV drivers utilising the OVO Drive Anytime tariff could now benefit from their vehicles participating in the Balancing Mechanism. Image: OVO.

Kaluza and Flexitricity to utilise EVs in Balancing Mechanism

17 Sep 2021, 12:54

Kaluza and Flexitricity have teamed up to offer demand response in the Balancing Mechanism, optimising domestic battery storage and electric vehicle (EV) batteries.

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