The ESO ‘Markets’ team delivers critical business activities to enable participation in real-time markets, meeting the needs of our current and future customers to deliver consumer value as the GB electricity system decarbonizes. Markets works strategically to anticipate and influence future change, particularly to deliver against the ambition of delivering net zero. We develop new products, systems and industry codes to ensure the ESO can operate the system securely, maintaining security of supply to deliver the best outcome for consumers.
Within Markets, the ‘Markets Development’ department is the strategic engine – creating the net zero vision for markets and designing the roadmap to get there. The department consists of four teams:
1. Market Strategy: looking at the long-term strategy for all GB electricity markets, including the wholesale market as well as policies for investment and capacity adequacy;
2. Electricity Markets Development: focusing on the roadmap for ESO balancing and ancillary service markets;
3. Cross Border Strategy: setting the strategy for how we trade across our interconnected markets;
4. Distributed Flexibility Strategy: unlocking the huge amount of flexibility connected to the distribution networks, including residential.