Great Britain’s tumultuous energy week has continued, with system tightness leading to West Burton B being called at £3,000/MWh yesterday (6 January).
Power prices have spiked to a record level for this afternoon, as cold weather and low wind tighten margins again.
Prices in the Balancing Mechanism hit £1,000/MWh last night (03 December) with two CCGT offers accepted at the price.
Limejump is to trade the power output of the first subsidy-free Scottish wind farm, taking it into the Balancing Mechanism (BM).
Limejump’s co-founder and CEO, Erik Nygard, is to leave energy tech firm Limejump.
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.