http://www.energymarketprice.com/SitePage.asp?act=NewsDetails&newsId=19386
Britain: National Grid will pay companies to use electricity this summer
22/04/2016
A dozen British firms will be paid to use power under a scheme National
Grid will start next month intended at balancing the system in summer,
when production is high from green energy sources such as wind and solar.
National Grid declared 12 companies have obtained contracts for the
Demand Turn Up scheme which will operate from May until September. Under
the scheme, companies will run several operations at night or at midday
when there is a lot of electricity production from wind farms and solar
power plants. As a part of the tender, firms were demanded to
demonstrate they need to complete such operations and that the
electricity would not be unexploited. The scheme was also open to small
scale power generators that can also cut their output at short notice,
such as combined heat and power units, which produce electricity as a
by-product of heating. The firms will be paid 1.5 pounds per megawatt
hour (MWh) for taking part in the scheme. They will be paid an extra
60-75 pounds/MWh if called upon to perform. British spot power prices
presently trade approximately 37 pounds/MWh. In 2014 National Grid paid
10 million pounds ($14.43 million) to wind power producers to halt
output when electricity demand was low to guarantee the system was not
oversupplied. National Grid predicts electricity demand will attain a
record low this summer. Meanwhile green electricity production Britain
is increasing. It represented a record 25 percent of the nation's
generation in 2015.
_______________________________________________
Sustainablelorgbiofuel mailing list
Sustainablelorgbiofuel@lists.sustainablelists.org
http://lists.eruditium.org/cgi-bin/mailman/listinfo/sustainablelorgbiofuel
