The Optional Downward Flexibility Management (ODFM) service is to be reinstated this summer, with National Grid ESO now consulting on its terms and conditions.
Last year was Britain’s greenest yet, with renewables generating more power than fossil fuels for the first time according to a new report from Drax Electric Insights.
Fossil fuel generation has more than halved over the last decade, hitting a new record low in 2020.
As lockdown restrictions have eased in Great Britain, electricity generation, demand and prices have all bounced back to pre-COVID-19 levels.
EDF’s Sizewell B nuclear power plant is now back to full power, as the UK’s energy demand continues to return to normal.
Throughout August, almost all of National Grid ESO’s performance indicators showed it falling below expectations.
The UK power industry has lost £1.1 billion due to the impact of COVID-19, according to energy trading company Hartree Solutions.
The Balancing Mechanism (BM) was used twice as much throughout April and May 2020 as the previous year, due to the impact of COVID-19.
The government has committed to protect suppliers from 80% of the increases in obligation payments for the second quarter.