Limejump is to trade the power output of the first subsidy-free Scottish wind farm, taking it into the Balancing Mechanism (BM).
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.
The UK’s electricity system price spiked to over £500/MWh last night (15 September) in response to low levels of wind generation.
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.
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.
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.
Last week’s T-4 Capacity Market clearing price jumped to £15.97/kW/y as over 100MW of storage was awarded contracts.
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.
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.