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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 —…
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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…
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National Grid ESO acclaim 2020 as greenest for Britain

National Grid ESO acclaim 2020 as greenest for Britain: Britain’s electricity system had the greenest year ever on record in 2020 according to National Grid ESO. The electricity system conductor National Grid ESO, that studied the yearly data, indicate the country was powered without coal for about 5,147 hours in 2020, in comparison with 3,666…
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Comments on a month of Dynamic Containment

Cornwall Insight comments on a month of Dynamic Containment: On the 1 October, National Grid ESO launched its new frequency response service, Dynamic Containment. This is the first in a suite of new, faster-acting response services, designed to address significant deviations when they occur on the transmission system.   The rollout of this new post-fault…
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UK’s largest battery connects to Balancing Mechanism

UK’s largest battery connects to Balancing Mechanism: Gresham House Energy Storage Fund & flexible energy specialist Flexitricity have reported that a battery alleged to be the ‘UK’s largest’ is currently live. Situated in Thurcroft, South Yorkshire, the 50MW asset is being enhanced by Flexitricity, making revenue for the site while assisting National Grid ESO to…
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Global electricity operators transition for clean energy

Global electricity operators transition for clean energy: National Grid Electricity System Operator (ESO) has teamed up with power system operators from around the world to start a consortium aimed at overcoming some of the important challenges that comes with the clean energy transition. The Global Power System Transformation Consortium (G-PST) features the importance of a…
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This winter could see 1.3GW of new wind come online

This winter could see 1.3GW of new wind come online: Forecasts using Cornwall Insight’s Renewables pipeline tracker report shows that a total of 1.3GW of new wind capacity could come online this winter. This is ~5% rise in total capacity, which could reach 25.4GW. The below graph highlights the forecast growth of wind capacity to…
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Heating with wind power could offer £26m benefits

Heating with wind power could offer £26m benefits: If consumers across the UK were to heat their homes with wind energy, they could see financial benefits in the region of £26 million each year. That is according to the findings from the ‘4D Heat’ project, which was led by Scottish & Southern Electricity Networks (SSEN)…
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