Flexitricity becomes first flexible energy aggregator approved under latest market access updates

Flexible energy pioneer, Flexitricity, is pleased to announce it is the first organisation to be approved under the newest regulations promoting wider access to the Balancing Mechanism (BM), becoming the first qualified Asset Meter Virtual Lead Party (AMVLP) in GB. Many industrial and commercial sites have individual flexible energy assets which can earn revenue when they are used by National Grid ESO to help balance supply and demand, however until now, varying consumption across the rest of the site has meant that the delivery from these flexible assets has been difficult to demonstrate. Asset metering and the AMVLP route address this, opening the door to wider participation and distinguishing energy flows on co-located solar and battery sites, which is considered crucial for maximising value.

Andy Lowe, CEO at Flexitricity, said, “I’m delighted with this news as it is another industry first and a major milestone for Flexitricity. As the first organisation to be qualified as an Asset Meter Virtual Party Lead, we can reduce the barriers to entry for smaller energy users, allowing more organisations to earn revenue from their flexible assets while helping National Grid to balance supply and demand across the system. Casting a wider net via individual asset metering allows more organisations to become part of Flextricity’s growing virtual power plant (VPP), which is GB’s largest of its type and has recently passed the 1GW milestone.”

Keith Gains, Managing Director at Quinbrook Infrastructure Partners, added, “Increasing flexibility within the energy system is central to all decarbonisation efforts. This AMVLP milestone represents a critical point for Flexitricity, with more businesses now able to earn revenue from their flexible energy assets whilst helping to facilitate the net zero transition.”

For over 20 years, Flexitricity has pioneered flexible energy services, widening participation for a diverse portfolio of customers. To learn more, go to www.flexitricity.com

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Editors notes

Flexitricity is a portfolio company of Quinbrook Infrastructure Partners.

About Flexitricity

Flexitricity created and now operates the first, largest and most advanced demand response portfolio in GB and has unsurpassed knowledge of the market and its requirements. Headquartered in Edinburgh, Flexitricity partners with businesses throughout Great Britain to provide reserve electricity to National Grid. The word “Flexitricity” means “Flexible Electricity”. The company looks for flexibility in electricity consumption and generation, creating revenue for energy users and generators as well as reducing national CO2 emissions and helping to secure energy supplies. Their team is fully engaged at industry and regulatory level and has a track record that demonstrates innovation and delivery success. Flexitricity is a wholly owned portfolio company of Quinbrook Infrastructure Partners, a specialist investment manager focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management in the US, UK and Australia.

About Quinbrook

Quinbrook Infrastructure Partners is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure needed to drive the energy transition in the US, UK and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion of equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK, and Australia. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects ever undertaken in the US, UK, and Australia.