Market Overview Historically in Great Britain, the ‘Big Six’ have dominated the retail electricity market (British Gas, Npower, Scottish Power, SSE, EDF and E.ON). Small suppliers have disrupted this dominance in recent years, with the market share of the ‘Big Six’ falling from virtually 100% in 2011 to 73% in Q1 2020[1] (accounting for OVO’sContinue reading “Why are energy suppliers going out of business?”
Category Archives: Uncategorized
What happens when the lights go out?
Imagine being at home, TV on, kettle on, just about to sit and watch your favourite programme after a long hard day. And then the lights go out. WTF is going on? Chances are you won’t be the only one saying that. Short-term blackouts can occur, usually because of a localised issue at a nearbyContinue reading “What happens when the lights go out?”
Homeowners could take part in this £430m/year market – Ancillary Services
My previous post discussed the real-time actions National Grid Electricity System Operator (NGESO) can take to ensure the safety of the network via the Balancing Mechanism (LINK). NGESO can also take actions in advance of real-time, by offering contracts to power plants/and or demand users which will make them available during times when NGESO forecastContinue reading “Homeowners could take part in this £430m/year market – Ancillary Services”
The £600m/year market you didn’t know existed – the Balancing Mechanism
The Balancing Mechanism is a market operated and utilised by National Grid Electricity System Operator (NGESO) to help them maintain the safe operation of the UK electricity network. The electricity network must be balanced at all times i.e. generation and demand must be equal, otherwise power failures and infrastructure failures may result. As electricity isContinue reading “The £600m/year market you didn’t know existed – the Balancing Mechanism”
Energy Strategy UK 