balancing mechanism

Relatively minor changes in transmission charging and constraint management could enable significant steps towards net zero, according to a new report.

Energy regulator Ofgem has published a notice ordering electricity generator EP SHB Ltd to pay £23.63 million for a breach of its Generation Licence.

Energy regulator Ofgem has approved plans to include independent aggregators in the wholesale flexibility market.

Octopus Energy has announced that its customers have taken part in a Vehicle-2-Grid (V2G) trial using their electric vehicles (EVs) to support electricity grid balancing.

Ofgem has introduced new rules to prevent electricity generators “artificially inflating energy prices and forcing up household bills”.

National Grid ESO, UK Power Networks and National Grid Electricity Distribution have launched an ancillary service to unlock more capacity using smart technology.

In the final Price Watch of this series we explore imbalance prices dropping to -£18.81 as the Electricity Storage Network highlights concerns on National Grid ESO’s bid to run the GB electricity system for periods at zero carbon. 

On behalf of its 80 members, the Electricity Storage Network (ESN) has penned an open letter to National Grid ESO expressing concerns over the Balancing Mechanism (BM) highlighting an average skip rate of 80% for batteries.

Ofgem has launched a formal statutory consultation on proposals to introduce a new licence condition to stop electricity generators making excessive profits through the Balancing Mechanism.

National Grid ESO believes that current obstacles when adding Vehicle-to-Grid (V2G) enabled EVs to the Balancing Market (BM) as an aggregated unit, could be solved “organically” in the coming years.