In recent years National Grid ESO’s Wider Access programme has rolled out several measures to support the entry of smaller and non-traditional participants into the Balancing Mechanism (BM).
This ‘Chart of the week’ looks at the level of new entry into the BM over the past year. Specifically, it looks at new entry from smaller providers across battery storage, gas reciprocating engines and aggregated units, with these technology types being increasing used by the ESO to balance the system.
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Energy storage and flexibility
On 21 February, the T-4 Capacity Market auction for Delivery Year 2026-27 cleared at a record high price of £63.00/kW/year, procuring 43,000.955MW of capacity. In this week’s 'Chart of the week', we explore the key takeaways from the auction.
Regulation and policy
On 29 November, National Grid ESO in its role as EMR Delivery Body published the prequalification registers for the 2023-24 (T-1) and 2026-27 (T-4) Capacity Market (CM) auctions. In this week's 'Chart of the Week', we explore some of the highlights from the initial registers.
Commercial and market outlook
There has been talk for years about the potential introduction into the National Electricity Market of a “capacity market”, with significant pushback from the industry over the potential for a capacity market to prolong the life of coal and gas and slow decarbonisation of the grid. On Friday last week...
Power and gas networks
It is perhaps unsurprising to highlight that global energy markets have been exposed to significant volatility in recent years. Whether this be through the emergence of a global pandemic, dampening demand and drastically altering consumption behaviour thereafter, to the Russian invasion of Ukraine which resulted in significant changes to historic...
Energy storage and flexibility
The choice of Chart of the week was an easy one following Saturday’s storms that ‘reined’ down on South Australia. The state became isolated from the rest of the National Electricity Market after one of ElectraNet’s pylons, supporting the interconnector between SA and Victoria, was knocked down[1]. The consequence...
Home supply and services
Due to the current energy crisis, consumer energy bills have been exposed to substantial increases over the past year. The recent rise in wholesale prices has had knock-on effects in many non-commodity costs within consumer bills, some of which will be baked into charges for several years to come In...
Energy storage and flexibility
It has been an interesting year for Australian energy markets, facing unprecedentedly high energy prices, coal outages, and market suspension. In today’s Chart of the week, we will investigate the impact a BESS would have made during FY 2022. Using Cornwall Insight Australia’s battery simulation model, we simulated a stand-alone...
Energy storage and flexibility
October marks two years since the launch of the frequency response service, Dynamic Containment (DC). Its inception was the first in the roll out of new faster-acting frequency response services, accompanied by Dynamic Moderation (DM) and Dynamic Regulation (DR) earlier this year. In this week's 'Chart of the Week', we...
