UK's Ofgem appoints Elexon as local flexibility market facilitator to enhance wind/solar usage and reduce energy costs, aligned with the 2030 clean power goal.
The UK's energy regulator, Ofgem, has appointed Elexon as a market facilitator for local flexibility in the energy sector to better utilize intermittent wind and solar energy, network, and consumer assets to meet energy demand. This move aims to unlock flexibility's full value, potentially reducing energy costs for British Gas, OVO, Octopus, and EDF customers and contributing to the government's goal of clean power by 2030, which could save up to £70 billion by 2050.
July 29, 2024
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