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Another Flexitricity first and an important milestone for the GB energy market - this morning we completed the first ever Balancing Mechanism transaction as a Virtual Lead Party through Balancing Mechanism Wider Access route to market by dispatching batteries owned by Philip Dennis Foodservice.
Now as at any other time, flexible electricity users form an essential part of the security of national electricity supplies. Demand-side response (DSR) is where electricity users adjust what they are doing from time to time in order to help National Grid keep supply and demand in constant balance. Flexitricity has remained fully operational throughout the Covid-19 pandemic, and our customers continue to earn revenue from flexibility as they help to keep the lights on.
Here we’ve answered some of the Covid-19 related questions we’ve been asked over the last few weeks. Please feel free to get in touch if you have any additional questions.
Here’s what we know about the events beginning on Friday afternoon at around 4:52pm. (That’s BST, not GMT. Always check…)
Flexitricity was having a quiet afternoon, with most of our customers getting on with the day job, and just a few megawatts of Short Term Operating Reserve running at the time. We were also charging some battery capacity under Balancing Mechanism instruction. National electricity demand was a modest 28GW when, for as-yet-unannounced and probably mundane reasons, Little Barford power station tripped. It had been generating 664MW. Little Barford is a combined-cycle gas turbine (CCGT) of nineties vintage, snuggled next to the main east coast train line between London and Edinburgh. It’s owned by RWE.
1. Why did this standstill come about?
Payment for the Capacity Market (CM) is state aid, which was applied for by the Government and approved by the European Commission in 2014. This approval was granted before the first CM auction following a month-long appraisal by the European Commission.
Tempus Energy challenged the Commission’s decision to grant state aid approval, on the basis that the Commission had not adequately considered the application, and in particular the contribution of Demand Side Response to the market...