Plutus PowerGen PLC Support to UK National Grid in latest power crisis
August 12 2019 - 2:00AM
RNS Non-Regulatory
TIDMPPG
Plutus PowerGen PLC
12 August 2019
Plutus PowerGen Plc / Ticker: PPG / Index: AIM
12 August 2019
RNS Reach
PLUTUS POWERGEN PLC
("Plutus", the "Group" or the "Company")
Vital support provided to UK National Grid in latest power
crisis
Plutus PowerGen (AIM: PPG), the AIM listed power company focused
on the development and operation of flexible energy generation
('FlexGen') projects in the UK, announces that all six of its 20MW
sites were utilised on Friday 9 August 2019 in response to the
outages of two power stations on that day. The Company's sites are
automatically turned on when the grid frequency drops below a
certain level under the Firm Frequency Response Scheme ('FFR'),
under which the Company receives payment in return for its
availability.
In a public statement, the UK National Grid has said it will
"learn the lessons" after nearly one million people across England
and Wales lost power on Friday. Subsequent to the power outage,
Business Secretary, Andrea Leadsom MP, has requested that the
Energy and Emergencies Executive Committee undertake an
investigation aimed at assessing whether National Grid's procedures
are "fit for purpose".
Additionally, the regulator Ofgem has demanded an "urgent
detailed report" into the events and failures that led to the power
outage. The impact of Friday's power outage was widespread and the
impact included hospitals; for example, a back-up generator at
Ipswich Hospital, which was supposed to supply power to outpatient
areas, did not work as expected.
Around 300,000 UK Power Networks customers were affected in
London and the South-East while Western Power Distribution said
around 500,000 people were affected in the Midlands, South-West and
Wales; other regions across the UK were also affected.
Interim CEO, James Longley commented, "We are pleased that were
able to respond under the FFR scheme whereby our FlexGen projects
automatically switched on when the frequency dropped below a
certain amount. The situation on Friday demonstrates the vital
service that flexible power generators, such as Plutus PowerGen,
play in circumstances such as this. Back-up power generation cannot
be provided this quickly by conventional generators or necessarily
by intermittent power such as wind or solar. With the changing
energy mix, it is the national interest to maintain back-up power
generation. We welcome the Government's and OFGEM's investigation
into what happened and how the crisis was addressed by operators
such as us."
**ENDS**
For further information, please visit www.plutuspowergen.com, or
contact:
+44 (0) 20 8720
Plutus PowerGen Plc 6562
Charles Tatnall, Executive Chairman
Allenby Capital Limited (Nominated Adviser +44 (0)20 3328
and Joint Broker) 5656
Nick Athanas
James Hornigold
Turner Pope Investments (TPI) Limited +44 (0)20 3621
(Joint Broker) 4120
Andy Thacker
St Brides Partners Limited (Financial +44 (0)20 7236
PR) 1177
Isabel de Salis
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END
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