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Cornwall Insight comments on the revival of STOR

Cornwall Insight comments on the revival of STOR: On 1 April, National Grid ESO commenced procuring Short Term Operating Reserve (STOR) at the day-ahead stage, reviving the STOR procurement service since it was halted back in December 2019. The roll-out of this new post-fault response service aims to help respond to frequency events faster. It…
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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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Competition for flexible asset PPA deals on the rise

Competition for flexible asset PPA deals on the rise: The capacity of non-traditional flexible generation technologies is increasing substantially in GB, and in parallel, the market for trading and optimising such assets continues to develop. Cornwall Insight’s latest research shows there is ~10.8GW* of operational flexible capacity across front-of-the-meter gas and diesel engines, battery storage,…
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