Are record GB balancing system costs here to stay?
In this article, John Perkins uses the BID3 model to investigate how balancing costs in the GB market may evolve over time
Over the last 2 years, the costs of balancing the GB system have risen to record levels. A large part of this relates to the operation of the Balancing Mechanism
AFRY models the balancing of the system in a granular bottom up basis, using our proprietary power market model, BID3
External link.. This includes an 11 zone approach to transmission constraints, as well as modelling of other balancing needs and ancillary services
