Ofgem has approved a regulation change that will allow parties without a supply licence to participate in the Balancing Mechanism as part of preparations for the Great Britain’s involvement in a Europe-wide energy balancing platform.
Scottish and Southern Electricity Networks (SSEN) is to install monitoring devices in its substations and, where permitted, people’s homes that would allow it to adjust the charging rates of electric vehicles.
The carbon intensity of the UK’s power grid fell below the targets set for 2030 over the bank holiday weekend, as high levels of wind generation led the way for low carbon sources to meet significant levels of overnight demand.
National Grid now has access to the half hourly settlement data of almost all export sites connected to the distribution network, giving it visibility over the renewable generation that it has previously only be able to register as negative demand.
Portsmouth City Council has become the latest local authority to take up street light charging as part of its electric vehicle infrastructure plans, which will see around 50 new charge points installed over the next few months.
Consumers can save an average of £273 by switching to a green supply from a standard variable tariff (SVT) offer by the Big Six energy suppliers as the rise in renewable electricity has meant going green has never been more affordable.
Battery assets have been used in the Balancing Mechanism for the first time via a virtual power plant, marking the start of a new era in energy storage revenues in the UK.
