UK Power Networks has launched its latest tender opportunity for organisations to provide electricity flexibility across London, the East and South East. The company, which recently launched a Distribution System Operator (DSO), aims to help free up almost 100MW of electrical capacity by inviting organisations to shift the times they make or use electricity and gain a financial benefit.
In the last financial year UK Power Networks attracted 37 organisations to provide 1467MW of flexible electrical capacity. Now it is looking for new providers to support flexibility in 22 zones through the provision of 98MW of capacity. It says it is offering organisations ‘unprecedented benefits’, including low minimum capacity thresholds, flexible metering requirements and high levels of support from its in-house team.
UK Power Networks is aiming to save £410 million on what would have been required on upgrading its network to 2028, through developing and supporting flexibility markets.
Archy de Berker, Co-Founder of Axle Energy, said: “Flexibility is a fast-growing market and offers a tremendous opportunity for new entrants to get involved. UK Power Networks’ dedicated flexibility team have been hugely supportive and we’re excited to work closely with them to unlock new sources of domestic energy flexibility.”
The opportunities are available on the UK Power Networks Flexibility Hub. To learn more about participating in the latest tender, email [email protected] to set up a call.