Outcome of National Grid ESO鈥檚 Balancing Markets review
Letter from Business and Energy Secretary Kwasi Kwarteng to Ofgem鈥檚 Chief Executive Officer, Jonathan Brearley.
Documents
Details
皇冠体育app Business and Energy Secretary Kwasi Kwarteng wrote to Ofgem鈥檚 Chief Executive Officer, Jonathan Brearley, noting , and concluding its own review.
皇冠体育app letter notes the findings of high electricity balancing costs over winter 2021 to 2022, driven by high global energy prices, but also the identification of some undesirable market participant behaviour which at times exacerbated high prices. 皇冠体育app Secretary of State offers Ofgem and National Grid ESO support in bringing about any necessary market change and encourages any remediation to be implemented as quickly as possible 鈥� to ensure that markets deliver in the interests of consumers.