National Grid’s UK power transmission profits slid more than 20% in the first half of its 2017/18 financial year, with the system operator (SO) continuing to prepare for its changing role in the power market.
National Grid has confirmed an overhaul of the grid balancing markets it operates, pledging to “rationalise” products such as frequency response and operating reserve.
Water utility Severn Trent has set its sights on developing around 20MW of demand flexibility by 2020, enlisting flexibility provider Open Energi to help with the process.
Kiwi Power is to finance and develop a battery storage project at a multi-technology renewable energy site in south Wales, where it will provide constant grid services availability to National Grid for two years in a first for the aggregator.