balancing mechanism
Power
Energy trading and asset management in a ‘flex’ market
Dominic Fava, head of marketing and propositions at Origami, a provider of energy trading platforms, looks at the difficulties of trading energy in a more flexible - and therefore volatile - electricity market, and how a new generation of smart IT systems will be needed to support energy companies.
Technology & Operations
National Grid’s electricity control room
The external environment is rapidly evolving due to decarbonisation, decentralisation and digitisation. The operation of the national electricity transmission system is therefore becoming more challenging. National Grid use a variety of tools to balance the system, including the balancing mechanism and balancing services. See video below:
Gas
Energy consumers continue to shape market
The growing influence of energy consumers on shaping the UK energy market and safeguarding its continued security is leading a seismic shift across the industry, according to the founder of leading demand side response (DSR) aggregator, Flexitricity.