Flexitricity has become the first Virtual Lead Party (VLP) to trade in the balancing mechanism (BM) since the wider access agreements were brought in.
Flexibility providers were called on by National Grid ESO yesterday (24 February) following an interconnector tripping, causing 1GW to fall off the grid.
Negative power pricing is becoming an increasingly common occurrence on the UK energy networks. Already in 2020, there have been 15 half hour periods where the cost of electricity fell into negative figures, according to Drax Electric Insights.