National Grid ESO’s new Downward Flexibility Management service was brought into play this weekend to cut embedded generation, along with the Grid Code modification which was also approved.
Catherine Newman has joined energy tech company Limejump as chief operating officer (COO), to help grow and strengthen the business.
As the country goes into lockdown, the power demand profile is changing due to the shutdown of offices and industry.
The UK’s electricity system price spiked to £2,242/MWh last night (4 March 2020) following lower than expected wind generation during the evening peak.
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.
SET Ventures has raised €100 million in its most recent funding round, which it will use to invest in early stage energy companies throughout Europe.
High wind over the weekend sent power prices plunging as a surge in UK wind generation triggered negative prices for a record length of time, according to National Grid.
Energy tech firm Limejump has penned a short-term power purchase agreement with UK solar investor Bluefield Solar Income Fund.
Flexibility providers called on by National Grid ESO jumped into action last week in response to grid frequency falling to 49.59Hz.