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 July 2019 report include:
- National Grid has announced that it intends to, in line with its commitment to closer to real time procurement, continue to procure Primary/Secondary/High FFR through month ahead tenders only for the foreseeable future.
- 68 dynamic bids were accepted in July, bringing the volume-weighted average price of accepted bids up 20% to £5.10/MW/h and continuing the trend of gradually increasing prices observed since February.
- Limejump was accepted for 21 contracts totalling 40.3 MW duration-weighted volume in both dynamic and static markets, with average accepted prices at £6.81/MW/h and £3.88/MW/h respectively.
- Flexitricity was accepted for its 6.3 MW DSF: Storage (for export) contract at £6.5/MW/h in the dynamic market, the first month the company has been successful in the FFR market.
- The volume-weighted average price of accepted bids in the static market remains high, at £3.38/MW/h, a 184% increase from January.
- Five biofuel bids were accepted in the static market, totalling 67MW (63%) out of a total of 115MW duration weighted capacity procured in this tender month.
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