National Grid Tag

  Rob Sherwood, Head of Trading and Operations at Limejump Recently we received National Grid ESO’s latest annual Power Responsive Report. The report provides an overview of programme activities, industry developments, and – for our statistical indulgence – detailed market metrics from the last year.

Each week, we take a look at the week in flexibility trading that has just been, and a look at what's next. Enjoy our latest instalment. Last week started on a huge high as the UK cantered towards a whole week without coal generation. Not only were we smashing the previous record of no coal usage (and it is worth remembering that it was only set last month).

  Each week, we take a look at the week in flexibility trading that has just been and a look at what's next. Enjoy our latest instalment. The short week wasn’t short on excitement throughout the system and in the Balancing Mechanism. As the UK got back into the swing of things following the Easter holiday weekend the System Price began relatively low (around £22/MWh).

  In Part 2 of this Limejump report, our trading team takes a look at the various markets we participate in and the combined influences that shape these. Our Traders have identified a number of trends throughout the quarter to develop our market view. In this instalment, we focus on the Balancing Mechanism and ancillary markets.

In Part 1 of our new Limejump Quarterly report, our trading team takes a look at the various markets we participate in and the combined influences that shape these. Our Traders have identified a number of trends throughout the quarter to develop our market view. These evolving trends and insights will be influential for our asset optimisation strategies throughout the remainder of 2019.  

National Trust’s Gelli Iago Hydro Plant in Snowdonia added to Limejump's Virtual Power Platform. Limejump, the energy tech leader, has secured its first Power Purchase Agreement with the National Trust. The 45kW Gelli lago hydro scheme, located in Snowdonia (North Wales), will become a part of Limejump's award-winning Virtual Power Platform (VPP).

Each week, we take a look at the week in flexibility trading that has just been, and a look at what's next. Enjoy our latest instalment. Last week kicked off with a lower than seasonal System Price of £48.65/MWh coupled with rising wind generation – a steady 3GW across the day before a peak of 5GW before bedtime, which helped meet the evening peak demand.

  Our biggest news of the week comes from this weekend’s events. In a first of a kind scenario, the System Price dropped to -£50 for settlement period 21 (about the time you were relaxing with the Sunday papers) and remained negative until 4:30 pm resulting in an average System Price of just 6.29 for the whole day.

  At the beginning of 2018, we sat in a small but energetic office in Waterloo. This space had been the breeding ground for many of the adventures we were about to execute in the year to come.

Energy tech leader Limejump has enjoyed further FFR auction success, highlighting the increasing role flexible energy sources have to play in the UK energy markets. Limejump was selected to provide 49MW of the total 53MW selected in the Fully Dynamic FFR Tender, 92% of the total Dynamic volume awarded in the latest auction.

Today the General Court of the Court of Justice of the European Union ruled in favour of Tempus Energy in its case against the European Commission annulling the Commission's decision not to raise objections to the aid scheme when establishing a Capacity Market in the UK. 

Limejump’s success in National Grid’s most recent auction continues to provide distributed sources of energy generation with access to potentially revenue-generating markets. These encouraging results illustrate that renewable generation not only creates a better environment, it also provides business opportunities for developers to achieve ROI.

  Limejump enjoyed wider award recognition this week as the Energy Tech leader was awarded the Energy Showcase prize at the WIRED Smarter event held at Kings Place London.