Transmission cover image

Transmission

Exploring the Balancing Mechanism with Claire Dykta (Head of Markets at ESO)

Nov 2, 2023
47:33

The Balancing Mechanism is the Electricity System Operator’s (or ‘ESO’s’) main tool to make sure that supply meets demand every second of the day.

Whether you are new to the Balancing Mechanism or are looking to find out more about how the ESO navigates this complicated service - this episode provides a comprehensive look at the workings of the BM. Over the course of the conversation, guest host Ed Porter talks to ESO’s Head of Markets - Claire Dykta, discuss:

  • An overview of the balancing mechanism, where it fits in the suite of available markets and how ESO manages the deployment of balancing mechanism units (BMUs).
  • Insight into how the coming Open Balancing Platform (OBP) will make the scheduling and dispatch of assets more streamlined.
  • How the fifteen-minute rule could change under coming updates.
  • How ESO are ensuring route to market is fair in order to maintain confidence in the UK market for investors.
  • Skip rates and what ESO is doing to clearly define them and reduce them where possible.

Related Articles

Behind the Balancing and Settlement Code with Aditi Tulpule (Elexon)

Keeping the lights on with Faye Relton and Neil Morgans (National Grid ESO)

About our guest

ESO is the the Electricity System Operator for Great Britain, making sure that Great Britain has the essential energy it needs by ensuring supply meets demand every second of every day. They are responsible for moving high voltage electricity from where it’s generated, through the energy system. For more information about what ESO do, head to their website.

About Modo Energy

Modo Energy provides benchmarking, forecasts, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain.

To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. If you want to peek behind the curtain for a glimpse of our day-to-day life in the Modo office(s), check us out on Instagram.

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