| National Grid consults on continuing the use of additional balancing services for Winters 2016/17 and 2017/18 | |
| | |
|
17 Jul 2015
National Grid has published a consultation today asking for industry feedback as to whether it would be prudent to continue the use of additional balancing tools for winters 2016/17 and 2017/18 in order to manage uncertainty around electricity margins.
Prior to winter 2014/15, National Grid introduced Supplemental Balancing Reserve (SBR) and Demand Side Balancing Reserve (DSBR) to be used to help balance the electricity transmission system against an uncertain generation background.
The additional balancing services tools were in place last winter and 2.56GW has been procured for winter 2015/16, which results in a margin of 5.1%.
While the uncertain generation picture might encourage the market to delay plant closure or bring back mothballed plant, it may not happen to the extent required for the next two winters, therefore one of the proposals in the consultation is to continue to make the SBR and DSBR balancing services available.
Claire Spedding, Balancing Services Manager at National Grid said:
"There are some uncertainties around the supply and demand outlook prior to the capacity market coming into force in 2018/19. Given the uncertainty over whether there will be sufficient capacity margins available in the electricity market for balancing purposes, it is prudent that we explore options that help us do our job in transporting Britain's energy".
National Grid use a 'loss of load expectation' (LOLE) methodology to analyse different winter scenarios, and apply different sensitivities to the scenarios to understand what the future may look like. The results show a wide range of outcomes, hence the decision to consult on balancing services.
National Grid consults on continuing the use of additional balancing services for Winters 2016/17 and 2017/18.
The balancing services consultation will close on Friday 14th August and an update will be announced in the Autumn.
Contact for media information only
Corporate Media Relations Manager
Gemma Stokes
[email protected]
07974 198333
01926 655272
|
|
|
National Grid Transco
|
|
|
CODE : NG.L |
ISIN : US6362743006 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
National Grid Trans est une société basée au Royaume-Uni. National Grid Trans est cotée au Royaume-Uni et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 3 997,4 milliards GBX (4 782,1 milliards US$, 4 189,1 milliards €). La valeur de son action a atteint son plus bas niveau récent le 05 mai 2017 à 1 000,00 GBX, et son plus haut niveau récent le 28 mars 2024 à 1 066,00 GBX. National Grid Trans possède 3 749 860 096 actions en circulation. |