National Grid has the tools in place to manage electricity demand this winter but uncertainty in the outlook for 2016-17 has increased, according to Ofgem.
The regulator published its annual Electricity Capacity Assessment report on Friday 17 July. It said that, with National Grid having procured 2.56GW of capacity through its balancing services this winter, the Loss of Load Expectation (LOLE) range had reduced to between 0 hours-4 hours––within the government’s reliability standard. But the report’s central view showed that LOLE for winter 2016-17 could range between 2 hours-15 hours. National Grid is consequently consulting on extending its balancing services, but Ofgem said the market could play a significant role in managing the risks.
Is your business ready for GDPR?
The new General Data Protection Regulation (GDPR) comes into force on 25 May 2018. This checklist can help you make sure you're ready for the change.
22 May 2018 | Uncategorised
Iran and oil has impact on UK power prices
Stay up to date with energy market changes over the last 7 days, with Haven Power’s market report.
22 May 2018 | Industry
How to get the right solution from your energy partner
A simple Google search proves that businesses have more choices about energy than ever before. But how can you make the most of those choices?
16 May 2018 | Uncategorised