Results for tag: "National Grid"

The National Grid market is an electricity market in the United Kingdom. It is a wholesale market, where electricity is bought and sold by generators, suppliers, and other market participants. The market is regulated by the Office of Gas and Electricity Markets (Ofgem). It is designed to ensure that electricity is supplied to consumers at a fair price. The National Grid market is divided into two parts: the Balancing Mechanism and the Capacity Market. The Balancing Mechanism is used to balance supply and demand in real time, while the Capacity Market is used to ensure that there is enough capacity to meet future demand. The National Grid market is an important part of the UK's electricity system. It helps to ensure that electricity is supplied to consumers at a fair price, and that there is enough capacity to meet future demand. Some companies in the National Grid market include Drax Group, EDF Energy, Engie, E.ON, National Grid, SSE, and Scottish Power. Show Less Read more