Statkraft Involved in UK’s Balancing Mechanism

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Statkraft, Europe’s leading provider of market access services, optimises flexible gas assets to manage UK energy system needs. Since November, these assets also provide effective support for the increasing integration of renewable generation by participating in the UK’s Balancing Mechanism, at the same time creating additional value for the asset owners.

Statkraft entered the UK Balancing Mechanism (BM) in November last year with a 20 MW highly flexible gas generation asset in South West England. Statkraft is now dynamically bidding the asset into the BM and automatically routing received schedules from National Grid to the site via its trading algorithm, Unity. Since last November, Statkraft has been instructed by National Grid an average of five times per... ... More: Official Press Release Statkraft

Keywords:

virtual power plant, UK, balancing mechanism, balancem, grid, stabilizing, BMU, National Grid, load, electricity