National Grid ESO: Electricity markets 'need reforming' to ensure future grid stability
Great Britain’s electricity markets need wide-ranging reforms in order to sustain the country’s transition to renewable energy resources.
Great Britain’s electricity markets need wide-ranging reforms in order to sustain the country’s transition to renewable energy resources.
Ofgem’s recommendation that an independent system operator is created is "understandable" but “only the first step on a longer journey”.
There are a number of important things to keep an eye out for in 2020, including the energy white paper, the results of the National Grid Electricity System Operator (ESO) review, how businesses approach RIIO-2 and tax changes for electric vehicles (EVs).
Power companies are to be fined £10.5 million and an already planned review into the electricity system operator (ESO) accelerated following Ofgem’s investigation into the nationwide blackout on 9 August 2019.
National Grid has suggested that higher levels of resilience in the UK’s electricity system may be appropriate, its report into the 9 August 2019 blackout has concluded.
National Grid expects minimum summer transmission system demand in 2019 to fall broadly in line with last year’s, owing to a collapse in new solar deployment.
National Grid has this week launched a new ‘Distributed Resource Desk’ in its control room, enabling the Electricity System Operator (ESO) to allow smaller market players to participate much faster.
New wind generation, interconnectors and surging EV uptake will leave the transmission system having to tackle capacity deficits over the next decade, according to the system operator National Grid.
The 2018/19 winter period could be defined by a rebound for coal and heightened price volatility, but operational margins will be higher than last year, National Grid ESO has said.