SP Energy Networks has launched its 2024/25 flexibility prospectus. The company says that following stakeholder feedback, it is now tendering for flexibility every month, allowing Flexibility Service Providers more opportunities to participate and providing greater certainty on dispatch expectations. It says the overall value of its month-ahead market from 2024 to the end of the ED2 period in 2028 is estimated to be £11.3 million.
It wants to understand whether shorter term month ahead tenders improve market liquidity, following stakeholder feedback on previous tenders that demonstrated a preference for more frequent and shorter term contracts.

In response to provider requests for clarity on future opportunities it has developed a 2024/25 Market Prospectus to provide clear locational and monetary signals on future flexibility requirements.

The company said, “We are increasingly looking for new ways to stimulate the flexibility market, including through changing how we structure contracts, developing new market opportunities in conjunction with our customers and stakeholders, and understanding what data and information flexibility providers require from us.”
The company says that procuring flexibility on this scale will allow it to defer the need for at least £36 million of reinforcement. That deferment could potentially rise to £145 million depending on the Net Zero scenario that transpires.
A webinar on 18 November will provide further details for potential market participants.
Contact [email protected] for details.