National Grid has attracted just a fraction of its target in a new demand response product
National Grid has attracted just a fraction of its target in a new demand response product that would help manage system stresses.
National Grid has attracted just a fraction of its target in a new demand response product that would help manage system stresses.
Ofgem has said it is “minded to” allow National Grid to continue procurement of the Strategic Balancing Reserve (SBR) and Demand Side Balancing Reserve (DSBR) to cover the winters of 2016/17 and 2017/18 although the industry argues the two measure
Distribution network operators (DNOs) have to become more like distribution system operators (DSOs) to help manage energy locally and use both supply and demand to balance.
System operator National Grid says margins “look set to remain tight” in the winters of 2016/17 and 2017/18 and it will consult next month on whether to extend its strategic balancing reserve (SBR) and demand side balancing reserve (DSBR) measures
“We need your flexibility – and those that respond will get payback”.
National Grid’s return on equity in its UK business rose slightly in 2014/15, up to 13.7% from 12.7% the previous year.
National Grid has announced plans for an extension of its short term operating reserve (Stor) procurement activity, referred to as Stor Runway.
National Grid is to offer contracts to three power stations to provide additional reserve during winter 2015/16. The plants are Centrica’s South Humber Bank (40MW) and Barry (227MW) stations, and Corby Power’s Corby station (353MW).
Delays in the Western HVDC link was the principal factor that slowed capital investment by National Grid by £109 million to £1,579 million in the six months to 30 September, the company said in a trading update.
"The risk of disruption to energy supplies this winter is no higher than it has been in recent years," Rachel Fletcher, senior partner for markets at Ofgem, told attendees at the regulator's winter outlook seminar at the end of October.