BM

March 25, 2024

ESO’s Balancing Reserve accounts for 12% of battery revenues

New research from Modo Energy has revealed that 12% of total battery revenues are now coming from the National Grid ESO’s (ESO) Balancing Reserves (BR).

September 19, 2023

EVs to help balance grid in new ESO trial

A new trial organised by the National Grid ESO will see electric vehicles help balance Britain’s electricity grid.

Batteries see 80% average skip rate in Balancing Mechanism, says ESN. Image: Zenobe Energy.

July 31, 2023

Batteries have 80% average skip rate in Balancing Mechanism, says ESN

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.

The report showed that although 47% of people working in the renewable sector expect a >5% pay increase

December 21, 2021

Ofgem eyes regulation changes as concerns over high BM costs mount

Ofgem has stated it is ready to use its powers to change market rules if necessary in light of balancing costs doubling between September and November.

December 6, 2021

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

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.

November 29, 2021

National Grid ESO to review balancing market following rising prices

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

The Vulnerability Commitment’s signatories include Octopus Energy

March 8, 2021

BEIS opens Capacity Market consultation that could require units to enter Balancing Mechanism

All Capacity Market Units (CMU) may be required to be part of the Balancing Mechanism, according to a new consultation launched by the Department of Business, Energy and Industrial Strategy (BEIS).

January 22, 2021

National Grid ESO to unlock stacking of assets in Dynamic Containment and BM

National Grid ESO is looking to unlock stacking within the Balancing Mechanism (BM) as part of the development of the Dynamic Containment service.

January 19, 2021

Flexitricity and ev.energy to become first to trade EVs in Balancing Mechanism

Flexitricity is to register the first domestic electric vehicle (EV) aggregated unit in the Balancing Mechanism (BM) thanks to a new partnership with ev.energy.