UK balancing market opening up to industrials

Will efforts to open UK balancing market garner interest beyond suppliers and aggregators?

London-lights
Electric dreams: moves are under way to open up the balancing market

Today’s changing power market dynamics – a result of increasing distributed energy and growing renewables integration – are leading to new ways of thinking about managing risk in the electricity market, say market participants.

Currently, large end-users tend to manage their price risk through the liquid day-ahead market and the less liquid intra-day market, while the balancing market (BM) – the mechanism that system operator National Grid uses to balance power supply and demand in close to

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