Recording | Commercial dynamics of the Balancing Mechanism
A recording of the Commercial Dynamics of the Balancing Mechanism Webinar is now available for those who were unable to make the broadcast time.
With the GB and European power generation markets undergoing large-scale transformation, moving away from large transmission connected, baseload generators and towards more intermittent and decentralised forms of generation, the Balancing Mechanism and wider European system balancing is changing as a result. This shift has seen previous mainstays of the power generation market come under commercial and operational stress, creating space and opportunity for newer entrants to participate in the Balancing Mechanism and create additional revenue streams for their assets.
This Balancing risk and reward in the Balancing Mechanism session, the first in a series of planned webinars on the prospects and challenges facing parties offering or seeking services to help manage the network, gives an overview of the Balancing Mechanism and the role it plays in ensuring the Electricity System Operator manages supply and demand.
Our well-respected experts provide key insights into the revenue opportunities that Balancing Mechanism participation can create, and discuss how different technologies are faring—from older ‘conventional’ generation assets to newer, smaller and more ‘flexible’ assets. We also discussed the contractual and commercial routes to access the Balancing Mechanism and give a view on how the mix of participants may change in the near future.
The session concluded with a Q&A session with our experts.
The lead presenters were Tom Edwards, BSC Panel Member and industry authority on the Balancing Mechanism and balancing services.
Who’s it for?
- Asset developers
- Generation owners and operators
- Capacity Market participants
- Storage owners and operators
Price: £99 + VAT (for access to the recording of the session post-event)
Note: Participants will be provided with a web link