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Home/GB FFR Market Summary – August2018

GB FFR Market Summary – August2018

Aurora’s Flexibility Market Summary provide a concise monthly review of recent events in key markets for flexible technologies. The initial focus is on the balancing mechanism and firm frequency response (FFR) markets with more ancillary services markets to be added over time.

Highlights of the August report include:

  • Twelve dynamic bids were accepted in August, causing the volume-weighted average price of accepted bids to inch up to £4.7/MW/h.
  • The total duration weighted volume procured for August in the dynamic FFR market remains effectively unchanged from July at 405 MW.
  • The volume-weighted average price of accepted bids in the static market is at an 18-month low of £1.6/MW/h, with 8 accepted bids this August.
  • Diesel procurement in the static market decreased from 149 MW duration weighted volume to 123 MW, out of a total 230 MW duration weighted capacity, the lowest total in the recent 6 months.
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