Electricity network operator SP Energy Networks has launched a new flexibility platform that will make it faster and easier for service providers to take part in the flexibility markets that help balance power generation and use on the grid.
The platform – ElectronConnect – was developed in close collaboration with flexibility service providers and supports the continued growth of flexibility markets. These allow network operators to manage capacity constraints, balance supply and demand, and incorporate more renewable energy on to the grid.
Platform provider Electron has been appointed SP Energy Networks’ flexibility partner for the next three years, providing a fast, automated, and efficient digital tool that supports the requirements of energy regulator, Ofgem and flexibility market facilitator, Elexon.
Work is now underway to ensure a seamless transition to the new platform for SP Energy Networks’ 35 flexibility service providers, ensuring a simplified process and positive user experience for all flexibility tendering.
Gerard Boyd, Head of Flexibility at SP Energy Networks said, “Our flexibility markets have grown significantly year-on-year and having the right partner to help ensure flexibility remains accessible, transparent and ready for the future is vital – so it’s great to welcome Electron on board.
“This partnership will ensure we play our part in delivering a flexible future and growing market opportunities and participation for service providers that support the increased uptake of low-carbon technologies and ultimately deliver reliable networks at the lowest cost for our customers.”
Jo-Jo Hubbard, CEO and Co-Founder of Electron said, “SP Energy Networks is pushing flexibility into its next phase – shifting towards more dynamic, frequent markets that actively shape how the network is planned and operated. We’re already seeing this play out through ElectronConnect, with month-ahead markets up and running and insights beginning to guide where and when flexibility delivers the most value.
“Over the next three years, we’ll accelerate from here: enabling SPEN to scale flexibility more precisely to support proactive investment, strengthen reliability, and keep costs down.”
