The Week in Flexibility: Solar and wind output dominates the weekend leading to negative day ahead prices
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.
Power demand has been dropping as the UK entered its first full week with closed schools, businesses in shut down and homeworking in place for many.
Limejump is pleased to see today’s announcement from Penso Power that it is extending its 100MW storage project by a further 50MW. The Minety project, 12 miles northwest of Swindon (Wiltshire) is Europe's largest battery storage development.
We anticipate that demand for power will fall as the effects of Covid-19 start to take hold across the UK – but last week (and indeed at the time of typing this blog) it’s business as usual as far as dispatch goes.
The Week in Flexibility: Wednesday wows with a huge system price spike while Thursday brings a close frequency call
On Wednesday night we witnessed an unusually high system price. The imbalance price on the UK grid hit £2,242 at SP37 (1800-1830) and then £1,708 for SP38 (1830-1900). After which, it dropped back down to a ‘normal operating range’, before crashing to £0 making it a night – all in the space of 2 hours.
The week before last, wind dominated the flexibility highlights, and last week saw similar outperformance and curtailment, with storm Jorge adding to the record wind delivery in February.
Anyone making observations into last week’s market would likely have found themselves stuck on repeat talking about the impact of wind.
The Limejump Quarterly Report Q4 2019 – Significant Code Review, changing fundamentals and the General Election
Welcome to our latest quarterly market report. Within this report, we focus on several key market developments and influences: we look at some of the key events at the end of 2019, as well as ancillary markets, fundamentals and we take a peek at what we have seen so far this year.
After a turbulent weekend with Storm Ciara (8/9 February), last week kicked off with short power system for most of the day, with exceptionally high demand prompting National Grid to update its forecasts by around 1GW within day.
Shell Energy Europe Limited (SEEL) has agreed a multi-year power offtake deal that enables the installation of Europe’s biggest battery.
The Week in Flexibility: Storm Ciara brings asset trips, turbine halts and a close call with a frequency drop
As the clean-up operation for Storm Ciara gets underway, there were a number of notable grid operation and flexibility points over the course of the storm.
The Week in Flexibility: Strong demand and nuclear outage pressure the system – and conditions create a bumper week for Limejump customers
Last week kicked off with a Monday dominated by strong demand. The system was already strained with a short in-day outage on the Heysham 27 nuclear power plant and some struggling CCGTs.
The Fortnight in Flexibility: Disruptive CCGT and extreme imbalances paint the picture of the past two weeks
Welcome to a bumper two-week issue of our Week in Flexibility blog. 55 was the number of the day on Tuesday 14th January, with the day’s prices hovering at £55/MWh for pretty much the whole day.
The week in flexibility: An intraday rollercoaster before an oversold end of the week and an unexpected nuclear shortage
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: As the UK settled back in for the first ‘full week’ after the festive period, we saw several interesting dispatch incidents.
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: We’ve taken a festive break from the Weekly flex reports over the past few weeks, but we are back into the swing of things in this new decade and share our top three flex moments from across the Christmas and New Year hiatus.