ESO agrees to formulate new plan for implementing TERRE

National Grid Electricity System Operator has written to Ofgem to agree to its instruction to create a new plan and workgroup for implementing the Trans European Replacement Reserves Exchange in Great Britain. TERRE was originally due to go live by 15 January 2020 but the regulator has granted the ESO multiple derogations from the requirement, mostly recently until 1 January 2021 due to uncertainty over its ability to the access the Libra platform that underpins the new market.

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