balancing mechanism

By leveraging their stored energy
August 25, 2020

Elexon considers further widening of BM to allow 'more opportunities' for small asset owners

​Elexon is consulting on proposed changes to the Balancing and Settlement Code (BSC) that would allow individual asset meters to be used for settlement purposes, widening the Balancing Mechanism (BM) once again.
‘I suspect there will be a similar scheme to triads next year
August 18, 2020

Ofgem launches evaluation of balancing costs as they soar by 39% during lockdown

​Ofgem is evaluating it balancing costs system after costs rose by 39% during lockdown.
Flexitricity aggregated Philip Dennis Foodservice’s two batteries. Image: Flexitricity.
June 19, 2020

Flexitricity hails new milestone as its VPP grows beyond 500MW

​Flexitricity’s virtual power plant has hit a new milestone, with more than 500MW of capacity under management.
The Bloxwich battery
June 15, 2020

Arenko to start intraday EPEX trading as it expands battery optimisation platform

​Battery storage software provider Arenko is expanding its services to allow intraday European Power Exchange (EPEX) trading.
‘I suspect there will be a similar scheme to triads next year
June 11, 2020

Use of Balancing Mechanism doubles as COVID-19 highlights imperfect system

​The Balancing Mechanism (BM) was used twice as much throughout April and May 2020 as the previous year, due to the impact of COVID-19.
Flexibility strategy: game changer or simply warm words?
June 4, 2020

Project TERRE takes another forward with deployment of settlement software

Project TERRE is continuing to move forward, with technical changes that allow Great Britain to join and trade using the platform deployed.
Image: Peter McDermott.
May 26, 2020

Record power prices and carbon lows over the bank holiday keep National Grid ESO on its toes

​It was another exceptional bank holiday weekend for Britain’s electricity network, with power prices hitting new record lows as carbon intensity dropped to its lowest point ever.
Flexitricity aggregated Philip Dennis Foodservice’s two batteries. Image: Flexitricity.
April 24, 2020

Flexitricity hails milestone as first VLP to trade in the new BM

​Flexitricity has become the first Virtual Lead Party (VLP) to trade in the balancing mechanism (BM) since the wider access agreements were brought in.
April 21, 2020

Low lockdown demand gives ‘a taste of the future’

Image: Getty.
April 16, 2020

Summer Outlook 2020: COVID-19 could cause 20% demand drop in 'uncertain' period

​Summer demand could fall by up to 20% due to the effects of COVID-19, according to National Grid ESO.

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