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.
Energy tech company, Limejump, has added another major renewable asset to its pioneering Virtual Power Platform (VPP) by signing a Power Purchase Agreement with DHG Hydro Ltd (DHG) / Canaird River Company Limited.
After a benign week at the end of March, the start of April last week delivered significant interest to the balancing mechanism. Tuesday gave us a morning with swings of up to £40 as the country got ready for work.
BusinessGreen, one of the UK's leading energy publications and web news sources has announced the finalists for their 2019 BusinessGreen Leaders awards.
With energy markets requiring ever more complex strategies to derive revenue, Power Purchase Agreements still provide the clearest methodology for trading energy to create a return from renewable resources. However, trading intelligently means taking advantage of inherent market volatility.