UK Power Networks’ DSO is looking for new providers to support flexibility in 22 zones through the provision of 98MW of capacity. The company has launched the opportunity for providers for electricity across London, the east and south east of England.
It is offering organisations benefits, including low minimum capacity thresholds, flexible metering requirements and support from its in-house team. In the last financial year, UK Power Networks has worked with 37 organisations to provide 1467MW of flexible electrical capacity.
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, it said.
The news follows UK Power Networks launching its Distribution System Operator (DSO) to assist in the uptake of low carbon technologies, such as electric vehicles, heat pumps and renewable energy generation, quicker and at lower cost.
Sotiris Georgiopoulos, director of the DSO, said: “Flexibility is at the heart of a smart, affordable energy system. We’re seeing increasing participation in the marketplace and are keen to open it up to even more providers, offering new income streams while delivering tangible benefits to our customers.”
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.”
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