UK Power Reserve has secured 200 MW of gas-fired power capacity at the latest T-4 Capacity Market auction, for delivery by October 2021. With these contract wins, the flexible power provider now operates portfolio greater than 1 GW. The latest T4 auction awarded capacity agreements to a total of 50,410 MW and cleared at £8.40/kW – well below previous auctions.
Jan 26 – UK Power Reserve has launched an Android version of its iGridUK app, providing near real-time information about the energy market, such as generation by fuel type and peak demand. The release complements the popular iGridUK app for Apple.
UK Power Reserve, developer of decentralized energy, has hit the milestone of 500MW of flexible power plants in operation. Pointing out its strong track record in translating prequalification results into Capacity Market contracts, UKPR said it “fully expects its portfolio will surpass a gigawatt at the capacity market auction in February.”
Commenting on the UK Government’s decision to de-rate battery storage ahead of the Capacity Market auction in February next year, UK Power Reserve (UKPR) said it “accepts and understands” this move while remaining confident about the future of battery storage in Britain. UKPR also underlined its goal to bring 120MW of battery storage online before 2020.
UK Power Reserve said it is “on track to deliver its 2014 capacity market obligations” with nine power stations built so far in 2017 and another nine set for completion by the end of the year. Once all 18 are commissioned and fully operational, UKPR will contribute 364MW of fast-ramp, flexible gas generation to the UK power grid.
UK Power Reserve (UKPR) has been named ‘Mid-Market Team of the Year in the Midlands’ in the British Private Equity & Venture Capital Association Management Team Awards 2017. Backed by Equistone and Inflexion, UKPR operates a portfolio of 823MW flexible electricity assets, including fast-ramp gas power stations and battery storage.
UK Power Reserve (UKPR) has partnered with Total Gas and Power to deliver Demand Side Response (DSR) and aggregation services to UK electricity market players.
Gas-fired Cummins gensets, delivered to UK Power Reserve’s (UKPR) project in Carrington in June, have been fine-tuned on site with a view to starting up the 20 MW facility before the end of August.
Embedded gas gensets in Gloucester (20 MW), Immingham (24 MW) and Tonypandy (18 MW) are “all scheduled to go live late summer also,” the operator told Gas to Power Journal, while similar sites Tottenham, Bracknell, and Hemel Hempstead, are due for commissioning in mid-2017.
In Britain's upcoming first-ever capacity auction, UK Power Reserve will be trying to place 1.8 GW of new-build distributed power projects – the single largest decentralised generation strategy of any independent provider. "We have multiple sites which can generate 20 MW each, and this versus a single Big Six plant at 1,000 MW provides us with the opportunity to evaluate each project on its own merits and develop customised site-based tender strategies," said Tim Emrich, chief executive at UKPR told Gas to Power Journal, suggesting decentralised generation increases security of power supply.