The first week of 2021 has been a turbulent one for the UK’s energy market, with price spikes and tight margins keeping traders on their toes.
VEST Energy, a new energy trading company, has been launched to fill the gap between start-ups and less dynamic large trading companies.
The value for aggregators is now in providing access to the BM, although their role in domestic flexibility is uncertain.
Limejump is to trade the power output of the first subsidy-free Scottish wind farm, taking it into the Balancing Mechanism (BM).
Limejump’s co-founder and CEO, Erik Nygard, is to leave energy tech firm Limejump.
Power Transition is planning to scale up its peer-to-peer enabling technology following a new investment round.
Catherine Newman has joined energy tech company Limejump as chief operating officer (COO), to help grow and strengthen the business.
Aaron Lally, head energy merchant at Kiwi Power talked to Current± about how companies are targeting trading, the dynamics of the battery industry and how COVID-19 is affecting it.
Centrica is lauding a ‘world first’ as its Local Energy Market (LEM) enables National Grid ESO and Western Power Distribution (WPD) to simultaneously procure flexibility from the same platform.