balancing mechanism

The success of the trial between Octopus Energy and National Grid ESO, which uses electric vehicles (EVs) in the Balancing Mechanism (BM) hints that the integration could reduce system costs by almost £100 million.

National Grid ESO's new balancing service introduces day-ahead procurement for energy reserves saving consumers £639 million over four years.

National Grid ESO has announced it will soon make changes to allow for 300MW of flexible assets to be introduced to the Balancing Mechanism (BM).

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.