Balancing Mechanism

  1. Home
  2. Balancing Mechanism
Balancing Mechanism sees increase in smaller participants

Balancing Mechanism sees increase in smaller participants

Balancing Mechanism sees increase in smaller participants: Research from Cornwall Insight shows that there has been a notable level of entry into the Balancing Mechanism (BM) from smaller providers across battery storage, gas reciprocating engines and aggregated units in the last year. The below graph presents the number of units active in the BM —…
Read More
CCGT plants help balance the market during price spikes

CCGT plants help balance the market during price spikes

CCGT plants help balance the market during price spikes: January saw the day-ahead baseload power price (for a 24-hour period) reach £100.0/MWh or higher on seven separate occasions including four consecutive days between 11 and 14 January, while imbalance prices reached a record high of £4,000.0/MWh. During this time, the vast majority of offer volumes…
Read More
Menu