TEAM’s Capacity Market Support was used by a pan-european company who is working to supply electricity to the national grid in 2018.
FOR IMMEDIATE RELEASE
The Capacity Market (CM) was established as part of the UK Government’s Electricity Market Reform (EMR) Programme. Its goal is to ensure the future security of our electricity supply at the lowest cost to consumers by offering incentives to capacity providers for investing in more sustainable, low-carbon electricity.
TEAM’s Capacity Market independent technical expert has completed the first six-month progress report and the financial commitment milestone report for RWE and is currently working towards delivering the next report due at the end of the year.
Senior Energy Consultant Helder Galrinho, is an experienced Independent Technical Expert (ITE). He has the international experience required to be authorized to carry out the Independent Technical Reports needed for organisations to enter into the Capacity Market.
RWE came to TEAM at the end of 2016 to find an ITE as a way to comply with the rules of the capacity market.
They fall into the T-1 tier and will be providing electricity to the National Grid in 2018.
"Grimsby power station will generate "standby" electricity for using 10 containerized gas reciprocating engine units with a 20MW electrical export capacity. The plant will be switched on to instantly generate power during times when peak consumer demand causes "stress" in the electricity generating system, the plant will also produce stop-gap power when renewable energy systems are unable to produce enough electricity. The duration of the capacity agreement is 15 years."
In addition to working with other companies wanting to enter into the Capacity Market, TEAM are supporting Forepower with our Independent Technical Expert and they will become a capacity provider in the second semester of 2018.
How TEAM’s Capacity Market Support can help you
Capacity Market Consultancy provided by TEAM can include:
• Pre-Qualification Submission
• 6 monthly Progress Reports to Substantial Completion Milestone
• Financial Commitment Milestone Report
• Evidence of Project Spend & Extended Years Criteria
• Verification of Metering Strategy
Find out more about our Capacity Market Support service at https://www.teamenergy.com/team-energy-consultancy/capacity-market-support/