Balancing markets throughout Europe are opening up to decentralised power, but there is still “significant room” for mechanisms to improve further.
The balancing and frequency markets will double in value by 2030 as the evolution of the power market creates £6 billion of investment opportunity for battery storage and other flexible and distributed generation assets.
Food wholesaler Philip Dennis Foodservice has installed energy storage units totalling over 4MW at its Barnstaple offices in an effort to generate revenue from grid services, rather than making savings from behind-the-meter activity.
Scotland’s first utility-scale battery storage facility has been officially opened today, having begun delivering sub-second balancing services to National Grid at the end of June under a bespoke agreement secured before the hotly contested Enhanced Frequency Response (EFR) auction of 2016.
National Grid is to trial same day procurement of frequency response in order to ensure ‘less forecastable’ technologies such as demand side response (DSR) can take part.
Up to 140MW of capacity will be procured under the first ever tender for Ireland’s new frequency response and balancing programme, with projects to go live by September 2021.
Dublin Airport Authority (DAA) has signed up to deliver flexible capacity to Ireland’s frequency system services programme and the emerging single electricity market across the island after partnering with demand side response provider Enernoc.
EDF has completed one of the UK’s largest battery storage projects, bringing online the 49MW West Burton B project to provide Enhanced Frequency Response (EFR) services to National Grid.
Andy Lowe, head of business development at Flexitricity, explains the risks and rewards of navigating the Balancing Mechanism as the aggregator prepares to take third party assets into the market.