Balancing Mechanism - commercial opportunities
Public course update – all sessions to be delivered online for the foreseeable future
To ensure we can still deliver our market leading training sessions we have moved all our course delivery online.
Rather than delivering the sessions in a single day, our experts will now provide the content in 3 sessions of around two hours over the course of three consecutive days.
The sessions will be fully interactive, and you can ask our trainers questions via a device microphone, or type questions and comments.
We are highly experienced at delivering remotely as they have formed part of our existing services for many years. You can join the course via any device with access to the internet and a browser.
A streaming service will also be available for delegates that are unable to attend the broadcast time.
You can still book on to any of our courses like normal, and once your booking is complete, you will receive an email link to join
This one-day course explains the detailed operation of the Balancing Mechanism – the tool used by the Electricity System Operator (ESO) to help manage GB electricity supply and demand. Our experts will explain the processes, challenges, and revenues for parties participating in the Balancing Mechanism. The session also introduces ‘Project TERRE, and the changing landscape for Balancing Services contracts and how all balancing charges incurred by the ESO are recovered via Balancing Services Use of System (BSUoS) and imbalance charges via the electricity settlement process.
Who’s it for?
- Generator and storage asset operators
- Electricity suppliers
- Developers and investors
- Aggregators and offtakers
What does it cover?
- Role of the Electricity System Operator
- Walk through of the Balancing Mechanism
- Latest on Project TERRE
- Balancing Services contracts
- Single Imbalance Price (SIP) creation and settlement
Discounts are available for multiple bookings, please contact Emily at firstname.lastname@example.org to book this course or for more information.Book this gb course