Balancing costs exceed £200mn for three consecutive months

High underlying commodity and carbon costs haven’t only impacted costs in the wholesale market. From April 2021 to the end of October 2021, balancing costs on the electricity transmission system have totalled £1.29bn. This represents a £301.88mn (30.6%) increase in costs over the same period in 2020, where total costs were £986.66mn. This ‘Chart of the week’ explores the costs of National Grid balancing the electricity system through the balancing market.

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