Balancing Mechanism price jumps to highest level since 2001, hitting £4,000/MWh
The imbalance price reached a high of £4,000/MWh on Friday evening, capping off a dramatic week in the energy market.
Networks
The first week of 2021 has been a turbulent one for the UK’s energy market, with price spikes and tight margins keeping traders on their toes.
Green Energy UK joins Electric Nation V2G project as energy partner
The Electric Nation vehicle-to-grid (V2G) project run by Western Power Distribution (WPD) and CrowdCharge has added Green Energy UK as an energy partner.
National Grid ESO issues second EMN in a week
National Grid ESO has once again issued an Electricity Margin Notice (EMN), its second this week and fifth this winter.
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'Enormous potential' for V2G to create power system cost savings of up to £885m per year
Nissan, E.On and Imperial College London have release a new white paper detailing the benefits of vehicle-to-grid (V2G) technology.
Balancing Mechanism hits £3,000/MWh as margins remain tight through cold snap
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).
WPD hails ‘unprecedented’ engagement for latest future energy scenarios projection
Western Power Distribution (WPD) has released its latest mapped projection of how the energy network of the future will look across its service area.
Smarter Grid Solutions to provide active network management in project set to save networks £250m
Smarter Grid Solutions (SGS) is to provide active network management in a project looking to free up network capacity for over 2GW of clean energy assets and save networks over £250 million.
Power prices reach record high as tight margins drive N2EX beyond £1000/MWh
Power prices have spiked to a record level for this afternoon, as cold weather and low wind tighten margins again.