Strategic partnership with Piclo aims to enhance local flexibility markets
Piclo and National Grid Electricity Distribution have today announced a strategic partnership aimed at simplifying access for Flexibility Service Providers (FSP) into local distribution Flexibility Markets.
From January 2024, more than 150 flex sellers with more than 60,000 assets registered on Piclo will have direct access to our Low Voltage Flexibility Opportunities, seeking to trade more than 90MW of local flexibility.
As the importance of flexibility in the UK’s electricity system increases, we are committed to maximising market participation while simplifying the process for FSPs. In pursuit of this goal, we are partnering with Piclo to build interfaces to our Market Gateway platform which will enable FSPs operating on the Piclo platform to seamlessly access and participate in our distribution flexibility market territories.
In November 2023, Piclo announced its new product Piclo Max – a world-first solution to access all electricity markets from one place. The partnership with us is the first stage of Piclo’s ambition to enable flex sellers to access all six local flexibility markets from Piclo Max, with further UK electricity markets throughout 2024; followed by additional global markets.
Piclo CEO and Co-founder, James Johnston, said: “This collaboration is all about unlocking the potential of market interoperability. For the first time, FSPs have a choice regarding how they experience and interact with UK flex markets. It’s a significant milestone for market accessibility and a critical step towards enabling revenue stacking”.
Matt Watson, Head of Commercial and Operability at National Grid, said: “This is our first step towards opening up our Market Gateway platform for wider market entry and the interfaces we’re developing with Piclo will provide FSPs with greater choice on how they enter the distribution flexibility market.
“We hope to see an increase in the offers available to us and importantly we’ll be able to make fair decisions on market clearing regardless of which platform the FSP trades through.”