Balancing Mechanism
The Balancing Mechanism (BM) is the most important tool used by National Grid to maintain the balance between electricity supply and demand in real time. It allows energy providers to offer flexible capacity to the grid, either by increasing generation or reducing consumption. Participation in the BM provides valuable revenue streams for flexible assets, particularly when supply-demand imbalances cause price spikes. Accessing the BM requires the registration of assets as Balancing Mechanism Units (BMUs) and continuous monitoring to respond to grid requests. For participants, the BM is a high-opportunity market where agility and precision in trading and dispatch can generate significant returns.
What we do
At Flexitricity, we are a licensed energy supplier and Virtual Lead Party, enabling us to fully manage your participation in the Balancing Mechanism from start to finish. Our combined expertise in energy trading, asset optimisation and automated dispatch ensures that we capture the best value for our customers.
- BMU Registration and Compliance: We handle the complete BMU registration process, ensuring assets are compliant and ready to participate in the BM. Our team also manages ongoing delivery, settlement, and reporting for a smooth and seamless experience.
- Supply Contract Flexibility: We offer Balancing Mechanism participation with or without a Flexitricity supply contract, giving customers the flexibility to engage in the BM while benefiting from our optimisation services.
- Advanced Optimisation Strategies: With continuous refinements to our algorithms and deep market knowledge, Flexitricity is ideally positioned to optimise flexibility and maximise revenue. We stack BM revenues alongside other market opportunities to deliver agile, comprehensive solutions.
- Real-Time Monitoring and Dispatch: Our 24/7 Control Room ensures continuous remote monitoring of assets, providing a direct line to real-time adjustments and dispatch through the Balancing Mechanism. This enables precise, automated responses to National Grid’s requirements.
- Revenue Stacking: Flexitricity's broad market access means that we stack revenues from the BM with other energy markets and services, ensuring our customers capture all available value streams.
Request a Callback
Book a call with one of our energy market specialists to explore how we can connect you to revenue-generating opportunities in flexible energy markets.
0131 221 8100
info@flexitricity.com