Technology platform GridBeyond has launched a new energy trading and hedging service to support businesses navigate high cost and manage energy market volatility.
Project Local Energy Oxfordshire (LEO) has completed its first live flexibility trade with an external partner in what’s been hailed as another landmark for the project.
Energy trading firm Danske Commodities is to contribute to grid flexibility across Europe and America, having signed a five-year deal with Octopus Energy Group’s KrakenFlex.
Battery storage participation in the Balancing Mechanism has “increased massively” while a hybrid approach to trading that sees assets dipping in and out of Dynamic Containment is becoming more common.
The European Federation of Energy Traders (EFET) has called for the creation of a time limited emergency liquidity support system, to ensure the continued function of the wholesale energy markets amid continued volatility.
Centrica Business Solutions has agreed a 10-year contract for the optimisation of three battery storage plants totaling 89MW, each with a one hour duration.
Two SSEN projects, TRANSITION and Project LEO, have successfully run a live trial of flexibility trading on a new Neutral Market Facilitator platform.
