• The Week in Flexibility: Wednesday's BSAD trades make an impact before weekend demand outrun hits 500mw Each week we take a look at what's happening in the world of flexibility. Recent weeks have been dominated, first by a long run of negative pricing, and then the provision of "footroom" services to National Grid as demand shrunk to record lows with a simultaneous exceptional performance from renewables during Coronavirus Lockdown. Last week, we saw a return to a more settled flexibility market. But that doesn't mean it was without interest and our analysts were keenly watching developments to ensure we make the best of every situation for our customers. Wednesday stood out for us. The power system was oversupplied for most of the day, caused in the most part by a demand outturn below the National Grid forecast. However, rather than pushing down prices thanks to the long system, the system price remained mostly above £20/MWh. This was caused by National Grid traders executing a large volume of BSAD sell trades at £18-22/MWh. These BSAD (Balancing Services Adjustment Data) trades are equivalent to actions taken in the Balancing Mechanism (BM) but can be done for longer periods of time in the future, providing price support for

  •   Energy tech company, Limejump, has added a 20MW gas-fired peaking project, owned and developed by Ylem Energy, onto its award-winning Virtual Power Platform. In spite of the Covid-19 lockdown, Limejump’s system was made ready remotely and started to operate and trade on schedule. The gas peaker, located at an industrial site in Trafford (Greater Manchester), entered commercial operation in April. Ylem Energy is a leading specialist in flexible generation projects across the UK, and this flexible gas generation project at Trafford and Ylem’s other projects are supporting the further expansion of renewable generation in the UK. Limejump is optimising the 20MW peaking unit on a real time basis, within different traded markets including the Balancing Mechanism, aiming to make the best return on any given day. Limejump has worked with Ylem Energy since 2016, managing a number of the company’s energy assets in the UK. Ylem Energy, along with Limejump’s other customers, are utilising Limejump’s automated trading and data abilities to maximise profitability from the Trafford peaker and Ylem’s other generation assets. Working in partnership with the Ylem team, Limejump is providing an enhanced trading strategy and remote dispatch service to maximise the current and future revenue opportunities available. Catherine Newman, Chief Operating Officer

  • With National Grid (Energy System Operator) expecting record low demand for power on Sunday (May 10th), as a result of Lockdown, Limejump, the energy tech company, has made itself available to help National Grid balance the UK energy system, and ensure security of energy supply to industrial, commercial and residential customers across the UK. Limejump’s renewable generation customers are participating in National Grid’s new “FootRoom” service (officially known as Optional Downward Flexibility Management) which has been set up in response to the fall in energy demand caused by Lockdown, and set against increased levels of renewable generation. National Grid is looking to procure up to 3GW of embedded generation to turn down or demand to turn up; this will help balance the country’s energy system and avoid stress on the system – over the course of this coming weekend, and through the summer. If called upon by Grid, participating Limejump customer assets will provide a minimum of 1MW turn down over at least a three-hour period, taking maximum advantage of Limejump’s AI-technology platform and its expertise in rapid response, flexible energy services. Catherine Newman, Limejump’s Chief Operating Officer said: “We have been quick to respond to the needs of National Grid, providing Grid with

  • Regular readers of our week in flex blog will have noticed an emerging trend in our headlines … negative pricing.

  • Emily Gosden, the Energy Editor at The Times, this morning posted a number of tweets about National Grid’s management of the electricity system, given the big drop in energy demand caused by Coronavirus.  Our Dispatch reports have previously highlighted the fall in demand and the market’s response but we thought it might be helpful to provide some additional information.

  • We are seeing a huge shift in the makeup of the energy mix both at home and overseas. With demand levels low, fossil fuel use increasingly is being priced out of the stack by zero marginal cost renewables. This is having an interesting impact on prices at the Day Ahead and Within Day stages.

  • Although days may be blurring as the UK lockdown continues, the past weekend was markedly different than the days preceding as far as power consumption goes.

  • Energy tech company, Limejump, has appointed Catherine Newman as Chief Operating Officer. She joins the senior management team with immediate effect, working alongside Erik Nygard, the company’s co-founder and Chief Executive to strengthen and grow Limejump’s business.

  • We saw supressed system prices all last week, as the COVID-19 crisis and the national lockdown combined with sunny and relatively warm weather to relax demand.