Manx Utilities has struck a deal with Swedish energy firm Vattenfall enabling it to trade on the GB wholesale market via its flex platform.
The platform enables Manx to trade in within-day markets or longer term up to two years out, buying and selling power to match needs and optimise returns.
James Hunt, who leads Vattenfall’s sales and origination business in the UK, said “We’re delighted to have signed up Manx Utilities to the Flex Expert platform, we hope it’s a start of a long-lasting partnership.”
Manx Utilities chairman, Alex Allinson, said the deal will help “maximise future opportunities”, while access to technological expertise will help the island meet climate commitments.
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