The Swedish energy group Vattenfall has announced a deal with Manx Utilities to provide flexible electricity trading opportunities with the British wholesale market.
Under the agreement, the Isle of Man’s publicly-owned energy supplier will buy and sell power through Vattenfall’s Flex Expert electricity trading platform, with power imported and exported through the island’s interconnector to the mainland.
When generators on the island produce more than it needs, Manx Utilities can sell that power through Vattenfall’s platform and when the Island is short, Manx Utilities can remotely order what it needs without having to make a phone call or send an email.
Last year, the Swedish energy firm successfully installed a record-breaking 8.8MW wind turbine at its European Offshore Wind Deployment Centre (EOWDC) in Aberdeen Bay.
The upgraded version of MHI Vestas’ V164 model is the most powerful wind turbine to be deployed commercially anywhere in the world.
“We’re delighted to have signed up Manx Utilities to the leading Flex Expert platform, we hope it’s a start of a long-lasting partnership,” said James Hunt, who leads Vattenfall’s sales and origination business in the UK.
“The digital platform puts the customer in control, with transparency and ease of use key to its success. The ability to trade efficiently with a trusted partner is central to delivering positive solutions for our customers.”
The chair of Manx Utilities, Dr Alex Allinson MHK, added: “Manx Utilities stabilises the price of electricity to its customers through imports and exports to drive efficacy.
“This new partnership with a European leader in energy trading will continue to help us maximise future opportunities. It also gives us access to expertise on a range of new technologies which will be essential for us to meet our commitments to address climate change.”