Limejump takes first subsidy-free wind farm into the BM
Limejump is to trade the power output of the first subsidy-free Scottish wind farm, taking it into the Balancing Mechanism (BM).
Articles tagged with: capacity market
Current± caught up with Dr Alastair Martin, chief strategy officer at Flexitricity, to discuss the ease of accessing the BM as a VLP as well as Flextricity's future plans following its acquisition by Quinbrook.
UK electricity system price spikes to over £500/MWh due to low wind
The UK’s electricity system price spiked to over £500/MWh last night (15 September) in response to low levels of wind generation.
BEIS to target 0.4GW in T-1 auction despite National Grid ESO advice
The Department for Business, Energy and Industrial Strategy (BEIS) has set the target for the T-1 2021/22 Capacity Market auction as low as possible at 0.4GW.
Barriers for storage and DSR removed from the Capacity Market
The government has confirmed changes to the Capacity Market which are designed to remove barriers for demand side response (DSR) and energy storage, making it easier for clean technologies to compete.
BEIS looks to relax Capacity Market rules in response to COVID-19
The rules and regulations of the Capacity Market (CM) may be changed the government has said, due to the impact of COVID-19 on holders of capacity agreements.
T-4 Capacity Market clearing price jumps to £15/kW as new build assets secure over 100MW
Last week’s T-4 Capacity Market clearing price jumped to £15.97/kW/y as over 100MW of storage was awarded contracts.
‘More thought’ needed for storage-led DSR participation in Capacity Market, Ofgem says
Ofgem has said that “more thought” is needed on how demand-side response (DSR) units can incorporate limited duration technologies, such as storage, when bidding for Capacity Market contracts.
Role of T-1 auctions questioned as clearing price remains low at £1/kW
The latest T-1 Capacity Market (CM) auction has cleared at £1.00/kW/y, with just two storage assets winning contracts, prompting renewed questions over the benefits of running such auctions.