Browsing: Europe

The United Kingdom’s hydrogen strategy is beginning to move from policy design to project execution. One of the first tangible signs of this transition is the final investment decision for the West Wales Hydrogen project, a 20 megawatt green hydrogen facility planned for Milford Haven.

Every 15 minutes, across dozens of European power markets, a financial settlement mechanism reconciles the gap between what energy participants planned to produce or consume and what actually happened. The imbalance price, applied to each Balance Responsible Party’s deviation from its scheduled position, is one of the least visible and most consequential pricing signals in the European electricity system.