DNO flexibility markets still “too small a market size”, says Limejump CEO

Erik Nygard, CEO and co-founder of energy aggregator and trader Limejump, has said the DNO flexibility market is too small for companies like his to focus on.

Screen Shot 2020-02-25 at 10.47.14Limejump  “dabbles a little bit in DNO fexibility projects”, Nygaard said. But it’s not a major focus for the company. “They are too small as a market size. We want to make a change and get customers on this journey – focusing on DNO stuf there is not enough for us to go into it. Even National Grid ESO, which spends about a billion pounds a year on balancing the system, does not have that much value to ofer in its markets.

“For anyone taking out of that [Balancing Markets] what are they getting, 10%? Then you have to compete against gas, compete against other aggregators, – it’s not a market that is big enough to only focus on, you have to compete in energy markets.”

This is an extract from an interview in the February edition of New Power Report. Subscribers can log in to read more about changes in the aggregation sector and the options opened up by the company’s acquisition by Shell a year ago.

Not yet a subscriber? New Power is a specialist report for anyone with an interest in the UK energy industry. We look in-depth at all the issues that have to be addressed to rebuild our industry – moving from our centralised high-carbon power system to one that will provide heat and power securely, affordably and with minimal carbon dioxide emissions. Contact subscriptions@newpower.info to find out more.

 

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