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 September report include:
- Twenty dynamic bids were accepted in September, bringing the volume-weighted average price of accepted bids down to £3.7/MW/h, the lowest price since July 2017.
- The total duration weighted volume procured for October in the dynamic FFR market remains effectively unchanged from August at 418 MW.
- The volume-weighted average price of accepted bids in the static market increased to £2.0/MW/h, with 19 accepted bids this month.
- Diesel procurement in the static market increased from 123 MW duration weighted volume to 152 MW, out of a total of 253 MW duration weighted capacity, the highest total in the recent 3 months.
- Sep-18 is the second long term FFR tender run since National Grid’s standardisation of contract lengths. Procurements reached as far as Winter 2020-21, with 152 MW of overnight response procured across the seasonal blocks from Winter-2018 to Winter-2020.