Ofgem considering restrictions on Balancing Mechanism prices

Ofgem has revealed it is considering introducing restrictions on Balancing Mechanism offer prices following a sharp rise in balancing costs over the past winter. In an open letter to industry, the regulator listed this as one of a number of potential short-terms interventions to address concerns over “immoderate” behaviour by market participants.

Standard content for Members only

To continue reading this article, please log into your Utility Week Account or subscribe now

Already registered?

Log in

Request a call back