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.
Giddy heights: UK system price tops £2000
Comment from Rob Sherwood, Head of Trading and Analytics, Limejump
Last 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).
The Week in Flexibility: Wednesday swings and wind outperforms (again)
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.
The Week in Flexibility: Wind dominates the week’s interest
Anyone making observations into last week’s market would likely have found themselves stuck on repeat talking about the impact of wind.
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 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.
The week in flexibility: Festive flexibility drives markets with a blustery start to the new decade
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.
The week in flexibility: Cashout spreads and high winds Provide the theme of the week leading us into the Christmas Rush
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 witnessed significant spreads and margins across the last week, especially when looking at cashout prices.
The week in flexibility: Persistent cold, and a gas glut paints a contrasting picture delivers a rare negative price run
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 week's persistent chilly temperatures created unusual trading conditions mid-week.
The week in flexibility: Ratcliffe steps into the breach across the evening peak while balancing instruction hit a £250/MWh peak
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, we saw a particularly exciting day on the flexibility markets on Tuesday.
The week in flexibility: Drax and Coryton put in a struggling performance but wind clocks up the GWs
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: Dynamic market trading, coupled with cooler weather patterns in the middle of the week delivered unique pricing conditions.
The week in flexibility: Unusual French Earthquakes and Ofgem’s Suspension of Market Making Obligations Shake UK Markets
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: A 5.4 magnitude earthquake hit the south-eastern region of France last Monday affecting the area between Lyon and Montelimar.
The Limejump Quarterly Report Q3 2019 – Post Blackout ruminations, combined with continued political uncertainty, delivers further market volatility and business opportunity
Welcome to our latest quarterly market report. In this report, we focus on several key market developments and influences, exploring key events, ancillary markets, fundamentals and a forward look at what we see coming up in the final quarter of this year.
The week in flexibility: A week of price variation delivers revenue opportunities to those who can manage risk
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 week started off jumpy, on Monday with several market parameters in favour of a bullish market and system price.
Scaling Limejump’s Hydro Portfolio provides asset optimisation for all, and offers another push towards 100% carbon net-zero energy
Why community energy groups, as well as commercial players need to squeeze every last drop of value from their distributed generation assets.
The last few weeks in flexibility: our top 5 highlights
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: Our weekly flexibility blog has taken a short break over the past few weeks, but we are back with a vengeance as we head into cold weather over the next few weeks. So, what did we see in the recent weeks that is noteworthy?
FFR Auction Results – National Grid Deliver Surprises as Winter Looms
High prices cleared in the Month Ahead Dynamic FFR auction this past month, for delivery in November. Limejump cleared the auction higher than the average and has done so for the last 12 months, resulting in more revenue for our customers.
Bluefield Solar Income Fund Signs Power Purchase Agreement with Entech Leader Limejump
Limejump continues to grow its renewable energy portfolio with the addition of one of the UK's most innovative investment funds.
The Week in Flexibility: It was a wet and windy week, but nothing like the typhoon in Japan
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: In the UK, there weren’t any football, let alone rugby matches, called off last week because of high winds but certainly, wind generation exceeded National Grid’s daily forecasts. This was the recurring theme for much of the system throughout last week.