In meeting forecast energy requirements at minimum cost National Grid trade energy related products forward in time (i.e. in advance of the Balancing Mechanism). There are three general categories of energy related products that National Grid purchase: Power Exchange Trades, Forward Energy Trades and Energy Balancing Contracts.

Power Exchanges are electronic trade matching systems where participants enter prices at which they are prepared to buy or sell electricity at.

Forward Energy Trades are bilateral contracts negotiated between counterparties and can be tailored to suit the requirements of the individual parties.

Energy Balancing Contracts are agreements for services that are procured for the purpose of energy balancing. Energy balancing contracts are primarily required as a result of plant losses and shortfalls.

A Grid Trade Master Agreement (GTMA) is required to be in place to manage the trading relationship between National Grid and Counterparties. 

For more detailed information on Energy Related please view the information in our Balancing Services Contracts Information Pack.

Alternatively please contact your Account Manager or Rebecca Yang on 01926 656716 or via email rebecca.yang@uk.ngrid.com or David Preston on 01926 655909 or via email david.a.preston@uk.ngrid.com.