An increase of 20GWh of battery storage could reduce the amount of wasted wind power in Great Britain by 50%, according to new analysis from LCP.
2020 was a record-breaking year, with wind generation, solar, and coal-free records helping to make it the greenest year ever for Great Britain’s electricity network.
The imbalance price reached a high of £4,000/MWh on Friday evening, capping off a dramatic week in the energy market.
The first week of 2021 has been a turbulent one for the UK’s energy market, with price spikes and tight margins keeping traders on their toes.
National Grid ESO has once again issued an Electricity Margin Notice (EMN), its second this week and fifth this winter.
Great Britain’s tumultuous energy week has continued, with system tightness leading to West Burton B being called at £3,000/MWh yesterday (6 January).
EDF has agreed to pay Ofgem £6 million for breaching its electricity generation license, having regularly sent misleading signals to National Grid Electricity System Operator (ESO).
Prices in the Balancing Mechanism hit £1,000/MWh last night (03 December) with two CCGT offers accepted at the price.
Arenko is lauding its position as the only company to have been successful in winning each of the daily auctions of National Grid ESO’s new Dynamic Containment service.