Becoming a supplier of electricity and gas will allow the business to take its customers into National Grid’s Balancing Mechanism (BM), currently the preserve of traditional energy suppliers.

By using the flexibility of industrial assets, Flexitricity says it can give its customers a slice of the premium supply and demand bidding system, which equates to about £350m/year, and cut the cost of balancing for both the energy user and the Grid itself. 

The company says the service will be particularly suited towards those that operate community energy schemes, combined heat and power (CHP) generators and cold stores, as well as battery developers. 

Ron Ramage, Flexitricity’s CEO, said: “This is the first time anything like this has been done in the Balancing Market and we think it will be transformational – we are unlocking value for our customers as well as for bill-payers across the country by making our electricity system more efficient.”