DFS, the REGO market, and BECCS done well: DES April Newsletter
Drax Energy Solutions
Your net zero partner: supporting and enhancing your decarbonisation journey with a range of solutions
Welcome back to our monthly LinkedIn newsletter! We’re pleased to share the results from our involvement in NGESO’s second Demand Flexibility Service (DFS) this month. We’re also looking at trends in the REGO and electricity markets, sharing our final response to the BECCS done well report, plus exploring how to cut emissions with carbon credits.
Remember to subscribe (at the top of this article) to never miss an update. ??
Demand Flexibility Service 23/24 – continuing to deliver customer rewards
The Demand Flexibility Service (DFS), National Grid ESO 's power demand reduction service, ran for a second time over the winter of 2023/24. The service rewards businesses with electric assets for turning down their consumption at peak demand times.
We’re pleased to have delivered the largest dividend to customers of any I&C-only provider involved. With compensation figures ranging from ￡400/MWh to ￡6,000/MWh, we generated a combined revenue of ￡1.2m for our customers as a result of a total reduction of 357MWh.
What’s happening in the REGO market?
REGOs have experienced a period of intense change—prices have surged exponentially in recent years. Demand has grown, supply has dropped, and intermediaries have entered the market.
But what’s caused this degree of flux – and can we expect stability any time soon? Explore more in our latest article.
Falling demand impacts Third Party Costs
Following the publication of our Third Party Costs Guide last month, Daniel Starman has explored the trend of falling annual electricity demand in Great Britain in more detail.
He explores what’s causing this demand reduction, the merging of high energy prices and increased behind the meter generation, and explains that a continuing fall in electricity demand will drive up costs on a per-unit basis.
领英推荐
BECCS done well
In 2022, Drax Group commissioned a study from Jonathan Porritt, environmental campaigner and co-founder of Forum for the Future to establish what stakeholders are looking for to give their trust to bioenergy carbon capture and storage (BECCS). The investigation resulted in 30 conditions under which BECCS could indeed be “done well”.
We recently published our last formal update on the ‘BECCS Done Well’ 30 conditions, outlining our progress since commissioning the report in 2022. It also shows how we’ll see through the actions and outcomes by embedding them into our day-to-day operations. Read it here.
How to cut emissions and meet sustainability standards
If your organisation aims to set sustainability targets and reduce emissions you may have heard of the Oxford Offsetting Principles. The Oxford Offsetting Principles are a framework for a best practice approach to buying carbon credits, as part of a strategy for achieving net zero. Our article explores how they can help your organisation decarbonise and meet its targets.
A prosperous future needs energy security and carbon removals – BECCS delivers both
In a recent story on drax.com, Drax Group CEO Will Gardiner , outlines the importance of energy security working in tandem with carbon removal solutions. Bioenergy with carbon capture and storage (BECCS) is a unique technology that offers both – producing electricity while removing carbon from the atmosphere. Our plans for BECCS at Drax will ensure we can continue to keep the lights on for millions of homes, while tackling climate change, both in the UK and worldwide. Read the full story here.
Latest career opportunities
We’ve got lots of exciting opportunities at Drax Energy Solutions right now. Check them out below: