Business Need
Against a background of reduced emissions from production of electricity, secure, stable operation of the GB system still needs to be maintained and the cost of balancing services has increased from £427 million in 2005/6 to £3.1 billion in 2021/22. Of this, £845 million was for response, reserve, reactive power and black start, services that, in principle, could be provided from within SPR’s existing portfolio, augmented by new assets such as batteries. The size of the market shows the potential for even small gains within it to provide significant additional revenue.