Piclo and National Grid Electricity Distribution (NGED) have announced a strategic partnership aimed at simplifying access to local distribution flexibility markets for flexibility providers.
From this month, more than 150 flex sellers with more than 60,000 assets registered on Piclo will have direct access to flexibility opportunities on National Grid’s low voltage network across the west and midlands, where it is seeking to trade over 90MW of local flexibility.
NGED says it is committed to maximising market participation and it is partnering with Piclo to build interfaces to the Market Gateway platform that will enable providers on the Piclo platform to seamlessly access and participate in NGED’s distribution flexibility market territories.
Piclo said the partnership with NGED is the first stage of Piclo’s ambition to enable flex sellers to access all six local flexibility markets from its Piclo Max platform. It exp[ects to add more UK electricity markets throughout 2024.
Piclo CEO and Co-founder, James Johnston, said: “This collaboration is all about unlocking the potential of market interoperability. For the first time, flexibility service providers have a choice regarding how they experience and interact with UK flex markets. It’s a significant milestone for market accessibility and a critical step towards enabling revenue stacking”.
Matt Watson, Head of Commercial and Operability at National Grid, said: “This is our first step towards opening up our Market Gateway platform for wider market entry and the interfaces we’re developing with Piclo will provide flexibility service providers with greater choice on how they enter the distribution flexibility market. We hope to see an increase in the offers available to us and importantly we’ll be able to make fair decisions on market clearing regardless of which platform the flexibility service provider trades through.”