P462: Could fixing a market distortion cause another?
P462 is a proposed modification to the Balancing and Settlement Code that claims it could save consumers £518 million by 2030. The proposal addresses a long-standing feature of the Balancing Mechanism: subsidised wind generators currently bid at deeply negative prices to avoid losing subsidy payments when curtailed. These negative bids sometimes reach -£100/MWh or lower.
Sign up to read this article for free
Unlimited access to our free articles
Monthly access to 3 Global Research articles
Benchmarks, Forecasts, Ko and more
