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Networks agree principles for flexibility markets

Great Britain’s electricity networks have agreed to uphold a list of six principles while rolling out new markets for flexibility services.

The announcement follows an earlier pledge by the network operators to consider flexibility services as an alternative to reinforcements whenever they are managing local grid constraints.

The companies have promised to:

  • Champion a level playing field
  • Ensure visibility and accessibility
  • Conduct procurement in an open and transparent manner
  • Provide clarity on the dispatch of services
  • Provide regular, consistent and transparent reporting
  • Work together towards whole energy system outcomes

The list was published by the Energy Networks Association, whose chief executive, David Smith, said: “With the 2050 net zero target being put into law, it’s more important than ever to get the fundamentals of our new energy system right. The commitment made by the networks today (20 June) sets out the role that smart technology in people’s homes, businesses and communities can play in building a grid that can help deliver that target.

“Expanding local energy markets will bring big economic and environmental benefits and continue to deliver the world class energy system we rely on every day. These steps further highlight the networks’ commitment to finding innovative, customer-led market solutions to decarbonise the grid and drive down costs.”

In May, UK Power Networks revealed the results of its second  flexibility tender in which it spent £450,000 contracting 18.2MW of flexibility capacity across eight locations.