The Short Term Operating Reserve (STOR) is a service in the UK for the provision of additional power from generation and/or demand reduction. It is needed because at certain times of day the National Grid needs reserve power in the form of either generation or demand reduction in order to deal with demand being greater than forecast demand and/or plant unavailability.
The Capacity Market is a market that originated in 2014 in the UK that helps to provide electrical power generation capacity at short notice to the country’s electricity grid. With the closure of large centralised power plants, particularly coal and nuclear fuelled generation, along with the intermittency of renewable energy sources such as wind and solar power, there is a need to balance the grid. The Capacity Market achieves this with a series of annual, technology neutral, competitive auctions to deliver power generation capacity at 4 years in the future.
Gas engines provide a proven and flexible power generation solution to this sector. Green V Energy can maintain most makes of generation equipment.