National Grid ESO (Electricity System Operator) published its annual Markets Roadmap in March 2023. The Markets Roadmap provided an update on the design and expected reforms to its balancing services.
As part of this 2023 report, LCP Delta was commissioned to carry out an independent assessment of the ESO's market design and analyse market performance to date.
In this report, we provide a comprehensive economic assessment of all balancing services designs, and analyse relevant services for their performance to date, including how they interact with the wholesale power market.
You can access an executive summary of our findings here.