Flexibility market

Ofgem has appointed Elexon to drive alignment between local and national flexibility markets, and launched a consultation on a proposed common Flexibility Market Asset Registration (FMAR) solution.

Scottish and Southern Electricity Networks (SSEN) Distribution has contracted over 700MW of flexibility throughout 2023/2024.

Network operator Electricity North West has partnered with technology provider Electron to drive greater digitalisation into flexibility markets.

The consultation to decide who will undertake the new role of market facilitator is currently underway. Ahead of the consultation's close on 7 February, Elexon's chief executive, Peter Stanley explains why a market facilitator is needed in today's flexibility market and what will be required of the role.

Battery energy storage wholesale trading revenues rose by 45% from September to October this year, reaching their highest level since December 2022, revealed Modo Energy.

Energy regulator Ofgem has published a notice ordering electricity generator EP SHB Ltd to pay £23.63 million for a breach of its Generation Licence.

Energy regulator Ofgem has approved plans to include independent aggregators in the wholesale flexibility market.

LCP Delta has urged investors to consider more “sophisticated strategies” as average profits for Britain’s battery storage market see a 71% decline.

The “UK’s first” independent Distribution System Operator (DSO) – launched by UK Power Networks (UKPN) in April 2023 – is set to deliver over 400MW of additional electricity capacity.

Flexibility marketplace Piclo is targeting further international expansion into new regions across Europe, the US and Asia-Pacific, having raised £8.3 million.