The Electricity NIC is an annual opportunity for electricity network companies to compete for funding for the development and demonstration of new technologies, operating and commercial arrangements. Funding will be provided for the best innovation projects which help all network operators understand what they need to do to provide environmental benefits, cost reductions and security of supply as Great Britain (GB) moves to a low carbon economy. Up to £81m per annum is available through the Electricity NIC.
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Over the past few years with power station closures the margin between the predicted peak demand from consumers and the total available generation has been continuing to narrow. over the past two winters we have been very fortunate with very mild conditions which haven't driven the peak demand as high as was predicted.
At a press briefing, Cordi O’Hara, Director of Market Operation at National Grid has warned that this winter the margin is predicted at 1.2%.