SP Energy Networks (SPEN) has launched a public consultation on its RIIO-2 business plan, seeking public opinion on the critical areas of its five-year investment strategy.
Energy network companies have today launched the maiden Network Innovation Competition (NIC) ‘call for ideas’, making up to £70 million specifically available for innovative electricity network projects.
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.
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.
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.
Limejump has been admitted into the Balancing Mechanism (BM) using its Virtual Power Plant (VPP), laying claim to being the first to use an aggregated BM unit (BMU) in the market.
Ofgem has published much of the evidence submitted to its RIIO-2 consultation, with network operators largely rallying against a proposed cost of equity range that was beset by “fundamental flaws”.
