BM prices skyrocket to £1,000/MWh as cold weather and low wind bites
Prices in the Balancing Mechanism hit £1,000/MWh last night (03 December) with two CCGT offers accepted at the price.
Articles tagged with: limejump
Limejump takes first subsidy-free wind farm into the BM
Limejump is to trade the power output of the first subsidy-free Scottish wind farm, taking it into the Balancing Mechanism (BM).
Limejump founder Nygard to depart as Newman takes the interim reins
Limejump’s co-founder and CEO, Erik Nygard, is to leave energy tech firm Limejump.
National Grid ESO reduces embedded generation over bank holiday weekend
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 brings 'visionary leadership' as she joins Limejump senior team
Catherine Newman has joined energy tech company Limejump as chief operating officer (COO), to help grow and strengthen the business.
COVID-19 drives down demand as lockdown affects usage patterns
As the country goes into lockdown, the power demand profile is changing due to the shutdown of offices and industry.
Electricity system price rockets to £2,242/MWh as questions raised over calculation methods
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 pricing will be a ‘big feature’ in net zero transition as UK sees 15 periods in 2020 so far
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 plots energy transition investments following €100 million raise
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.