Balancing Mechanism costs soar to £967m between September-November
The top ten most expensive days in the Balancing Mechanism (BM) ever have occurred in the last three months, as costs soar to £967 million.
Networks
National Grid ESO issues first Electricity Capacity Market Notice of the winter
National Grid ESO has issued its first Electricity Capacity Market Notice (EMN) of the winter for this evening (3 December).
DNOs commit to billions in investment in final RIIO-ED2 business plans
Distribution network operators (DNO) around Britain have submitted their final RIIO-ED2 business plans to Ofgem, announcing billions of pounds in funding to transform electricity distribution networks for net zero.
As Current± launches its Predicts series for 2022, we take a look back at how last years suggested fared.
National Grid and Scottish Power pay out £158m for two year Western Link delay
National Grid Electricity Transmission and Scottish Power Transmission have agreed to pay £158 million as part of a redress package following delays to the Western Link project.
Battery storage sees 'significant' increase to 8GW in T-4 Capacity Market pre-qualification results
Prequalification results for the T-4 and T-1 Capacity Market auctions have been released, with battery storage rising significantly in both.
National Grid ESO to review balancing market following rising prices
National Grid ESO is to undertake a review of the balancing market, citing “very high-cost days” in the Balancing Mechanism in recent weeks.
Northern Powergrid unveil voltage control project to increase network efficiency
Northern Powergrid is looking to lower customers energy bills and reduce carbon emissions by using smart meter data to optimise the network voltage.
SP Energy Networks accepts 555MW of flexibility bids
SP Energy Networks has accepted 555MW of bids of flexibility services following its spring tender.