National Grid ESO has agreed to pay £1.5 million to Ofgem’s voluntary redress fund after it failed to provide unbiased and accurate seven-day ahead electricity demand forecasts in 2017.
Demand is forecast to continue to be low this summer, although some resurgence is expected in comparison to levels seen in 2020.
National Grid ESO has warned of tighter margins than usual due to a mix of low wind and generator outages.
Throughout August, almost all of National Grid ESO’s performance indicators showed it falling below expectations.
Tech giant Microsoft and European natural gas utility Snam have launched their first Cloud and Internet of Things (IoT) project for energy networks.
ScottishPower Energy Networks (SPEN) has maximised the capacity on its distribution network thanks to new software developed with Sia Partners.
Alice Grundy speaks to Colin Calder, CEO of PassivSystems, about how to forecast solar generation, using heat systems for flexibility and creating smart energy platforms.