Jonny Bairstow, Energy Live News
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Summary
A British demand response firm has announced plans to become an energy supplier and take on the Big Six.
Flexitricity plans to give its industrial, commercial and public-sector customers access to National Grid’s flexible power market, known as ‘the Balancing Mechanism’, by seeking a supply licence.
The Balancing Mechanism is the real-time flexible electricity market National Grid uses to balance supply and demand.
Access to this market is currently the preserve of traditional energy suppliers like the Big Six.
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