National Grid launches second tender for UK energy capacity
LONDON, March 2 (Reuters) - National Grid (LSE: NG.L - news) opened its second tender round on Monday for up to 1 gigawatt (GW) of energy capacity reserve in Britain for next winter in a bid to help balance the electricity system.
The contracts from this second tender round will be offered in May 2015 as part of National Grid's two balancing services; Demand Side Balancing Reserve and Supplemental Balancing Reserve, the grid operator said in a statement.
Last year, National Grid introduced schemes to pay companies not to use electricity during peak hours and to encourage utilities to make idle capacity available, due to tight power supplies. (Reporting by Nina Chestney; editing by Susan Thomas)