Firms picked to use less power for cash

National Grid has awarded contracts for an extra 2.56GW of electricity to cover potential higher demand during winter 2015/16. The reserve capacity is estimated to cost around £36.5 million – or 50 pence per year on the average consumer’s electricity bill. That’s in comparison to £31.3 million for the extra 1.1GW bought for winter 2014/15. […]

National Grid seeks more back-up power for next winter

National Grid is calling on developers to bid for contracts to provide back-up power for a fee next winter. It said margins between supply and demand “could be tighter” in winter 2015/16. It has launched the second tender round for two balancing services to make sure there is enough power for the country during the […]