Balancing Mechanism costs ‘skyrocketed by 294%’

From September to November, the BM cost reached £967m, compared to £337m the same period last year

National Grid to explore reasons behind high prices of balancing market

The review will be carried out by National Grid ESO and external consultants

Giant Tesla batteries help balance UK’s electricity grid for the first time

Tesla has become the first user to participate in National Grid ESO’s balancing mechanism scheme with the new application programming interface

Balancing Market opened up to smaller power providers and technologies

The minimum threshold for taking part in helping balance the system has been lowered from 100MW to 1MW

Flexitricity launches service to boost grid flexibility

It will enable industrial and commercial energy users and small generators to access the Balancing Mechanism

Demand response firm ‘to open up flexibility market’

A British demand response firm has announced plans to become an energy supplier and take on the Big Six. Flexitricity plans to give its industrial, commercial and public-sector customers access to National Grid’s flexible power market, known as ‘the Balancing Mechanism’, by seeking a supply licence. The Balancing Mechanism is the real-time flexible electricity market […]