drax

In this week’s edition of Current± Price Watch – powered by Enact – we take a look at the caution suggested by the high T-1 Capacity Market clearing price, the changing face of nuclear in Britain and the saving seen by industrial participants in the ESO’s Demand Flexibility Service.

National Grid ESO has again called off its contingency coal units, after a request from France for additional capacity was withdrawn.

Ofgem has confirmed that electricity generator, Drax Pumped Storage Limited, has agreed to pay £6.12 million to the Voluntary Energy Redress fund for breaching its Electricity Generation License.

A number of the UK’s energy suppliers have penned a letter to the government expressing concerns over the new measures proposed in the Energy Prices Bill which grant ministerial powers in the energy sector.

The UK exported a record-breaking 5.5TWh of power, worth around £1.5 billion, to Europe in the second quarter of 2022, says Drax Electric Insights in a new report.

​Drax is to keep its coal-fired power station running over the winter following a request from the Department of Business, Energy and Industrial Strategy (BEIS).

​The cost of curtailing wind generation in 2021 hit a record high, costing Britain £507 million.

Drax has submitted an application for planning consent to expand its pumped hydro Cruachan Power Station in Scotland to 1GW, but stressed the need for proper frameworks to support long duration energy storage in the UK.

​Coal plants operated by Uniper, EDF and Drax may be closed later than originally planned following requests from the government.

​A meeting between energy storage representatives and energy minister Greg Hands has this week taken place, with discussions centring on unlocking investment in energy storage technologies.