balancing mechanism

The report showed that although 47% of people working in the renewable sector expect a >5% pay increase

December 21, 2021

Ofgem eyes regulation changes as concerns over high BM costs mount

Ofgem has stated it is ready to use its powers to change market rules if necessary in light of balancing costs doubling between September and November.

December 6, 2021

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.

November 29, 2021

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.

In total the Demand Flexibility Service tests have procured over 1.5GWh of capacity. Image: Getty.

November 16, 2021

Low winds see day-ahead GB power prices soar to £2,000/MWh

Day-ahead power prices in Great Britain rose to £2,000/MWh in the N2EX auction for 17:30 on 15 November, according to EnAppSys.

November 2, 2021

National Grid ESO to reveal carbon intensity of balancing actions on new dashboard

National Grid ESO is to publish the carbon intensity of its balancing actions for the first time as part of a new electricity system dashboard.

The new battery asset has been installed on Pivot Power's Kemsley site. Image: Pivot Power.

October 25, 2021

Pivot Power, Wärtsilä and EDF switch on 50MW/50MWh Kemsley battery

Pivot Power, Wärtsilä and EDF’s 50MW/50MWh Kemsley battery energy storage system has gone live.

October 13, 2021

EVs to be used for grid balancing in SSE partnership with Jedlix

SSE is looking to reduce "dependency" on traditional battery storage in a new deal with Netherlands-based electric vehicle (EV) smart charging provider Jedlix.

Powerloop uses over 130 Nissan LEAF's with Wallbox's Quasar V2G chargers. Image: Octopus EV.

October 12, 2021

Octopus’s V2G project Powerloop to enter Balancing Mechanism

Octopus Electric Vehicles is preparing a path for its vehicle-to-grid (V2G) project Powerloop to become the first to enter National Grid ESO’s Balancing Mechanism.

October 7, 2021

Winter Outlook 2021: Tight margins and high prices to define winter period

Tight margins are to characterise this year’s winter period, with significant price spikes in the Balancing Mechanism possible.

September 17, 2021

Kaluza and Flexitricity to utilise EVs in Balancing Mechanism

Kaluza and Flexitricity have teamed up to offer demand response in the Balancing Mechanism, optimising domestic battery storage and electric vehicle (EV) batteries.