The National Grid’s Balancing Mechanism (BM) has received its first supply from a 10MW battery storage site. The successful transmission of energy into the BM is expected to provide a major boost to the UK’s renewable and battery storage industry.
The new roadmap allows flexible participants to sell into the BM by altering the generation and consumption levels of their assets. Bids are placed in flexibility to half hour settlement periods, the Grid then purchases what it needs to balance the system.
The government has published its plan for new Streamlined Energy and Carbon Reporting (SECR) regulations.The plan outlines a replacement for current CRC Energy Efficiency Scheme which will be scrapped next year as businesses complain it is too complex.