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Posts Tagged ‘Balancing and Settlement Code’

In the previous post, I suggested that creating a competitive heat market could be the best way to deliver value for customers. This would involve breaking up heat network “verticals” into their constituent parts (generation, distribution and supply)¬†with genuine competition in each segment.

Sounds lovely, but there are plenty of devils in the detail. For example, how do you match supply and demand across multiple parties in real time? What happens if a supplier requires more or less heat than they’ve contracted for? What if a generator puts more or less heat into the network than was planned?

To help us deal with these devils, could the electricity market serve as a model for heat?

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