Energy regulation is moving too slowly for the market to truly take advantage of the emerging “digital highway” of electricity, Eaton’s Louis Shaffer has said.
Energy storage, electric vehicles, demand response and interconnectors will be needed to provide the flexibility required for the energy transition to take hold by reducing the need for fossil-fuelled backup.
The future of the Capacity Market has been plunged into doubt after the European Court of Justice annulled the European Commission’s decision not to object to the scheme.
Energy secretary Greg Clark has said the UK’s “substantial” pipeline of renewable energy projects could offer a replacement to the capacity lost by the scrapping of Toshiba’s plans for a new nuclear power station in Cumbria.
Electron is to develop flexibility trading platforms in Switzerland and South Korea as the energy blockchain specialist expands its smart platform technology into international markets.
The Energy Networks Association has identified four real (MW) power services to meet the needs of distribution network operators (DNOs) when managing congestion as the market for local flexibility services continues to emerge.
Ofgem has confirmed financial support to an innovation project due to get underway in East Fife later this month that will test how to trade participants’ flexibility using a digital marketplace to generate income and stave off grid upgrades.
UK Power Networks has laid out its vision for a ‘flexibility first’ approach in the coming years, including procuring a forecast 206MW in place of network reinforcement.
