- Enel X UK provisionally secured 318 MW – 61% of total Demand Side Response (DSR) capacity awarded in the GB T-1 Capacity Market auction – for 2022-23 delivery, maintaining its leadership position
- With this result, British industrial and commercial (I&C) businesses participating in the grid services scheme with Enel X will receive additional revenue that mitigates effects of ongoing global energy market volatility
London, February 16, 2020 – Enel X, the Enel Group’s advanced energy services business line, through its local subsidiary Enel X UK Limited, has been provisionally awarded 318 MW of Demand Side Response (DSR) capacity for 2022-23 delivery in Great Britain’s Capacity Market. This volume represents 61% of total DSR capacity awarded in the T-1 auction which cleared at £75/kW/year, the highest recorded price to date. With this award, Enel X maintains its DSR leadership in the GB Capacity Market and secures another attractive revenue stream for industrial and commercial businesses who can make available generation assets or be flexible with their energy use.
Tony Whittle, Head of Enel X UK & Ireland, said: “Demand Side Response is an increasingly important tool for both Great Britain’s grid system and businesses. DSR is proving critical in helping GB achieve its Net Zero ambitions, whilst also providing businesses an opportunity to create value from their energy flexibility in the forms of revenue and resilience. We are pleased to secure such an unprecedented revenue opportunity for our GB industrial and commercial customers, offering another means for them to remain competitive amidst ongoing energy market volatility.”
Large industrial and commercial energy consumers that participate in Enel X’s DSR portfolio, such as manufacturers, data centres, and pharmaceutical companies, can earn valuable revenue from DSR by adjusting their energy demand in response to signals from the grid system operator. The GB Capacity Market pays users year-round for simply being on standby, ready to respond in the event of electricity supply shortage. Capacity Market participants are given advance notice of potential events.
Enel X has provided DSR services to Great Britain’s electricity system since 2009 and currently holds the leading position in DSR programmes worldwide, with over 7.7 GW of capacity currently managed in the Americas, Europe, Asia and Oceania. In addition to DSR aggregation services, Enel X also offers solutions that help businesses manage their energy better, including comprehensive advisory on procurement and sustainability. In 2021, Enel X became a CDP Gold Accredited Solutions Partner for renewable energy. Furthermore, Enel X provides the country a range of electric vehicle charging solutions for business and home.
Enel X Global Retail is the Enel Group’s global business line that offers services that accelerate innovation and drive the energy transition. A world leader in advanced energy solutions, Enel X Global Retail manages services such as demand response for approximately 7.7 GW of total capacity globally and 195 MW of installed storage capacity worldwide. Through its advanced solutions, including energy management and financial services, Enel X Global Retail provides each partner with an intuitive and bespoke ecosystem of technology platforms and consulting services, focused on the principles of sustainability and circular economy in order to provide people, communities, institutions and companies with an alternative model that respects the environment and integrates technological innovation into daily life. Each solution has the power to transform decarbonisation, electrification and digitalisation goals into sustainable actions for all, in order to build a more sustainable and efficient world together.