Piclo Max aims to simplify and broaden access to electricity markets for flexibility service providers, matching surplus electricity sellers (flex sellers) with system operators or flex buyers. The platform responds to industry demands to address barriers to market entry, marking a significant move toward a fully flexible electricity system.
Flex buyers or System Operators (SOs) in the UK, including National Grid ESO and distribution network operators, will benefit from increased market liquidity and access to a wider selection of vetted flex sellers. These sellers, who typically own and operate distributed energy resources like renewables, batteries, and EVs, can respond to system operator requests and modify their electricity generation or consumption accordingly.
Piclo Max is poised to play a crucial role in the mission to decarbonize grids, with CEO James Johnson expressing excitement about taking electricity and flexibility markets to the next stage. The platform is aligned with the ambitions of regulators and policymakers, including the UK's energy regulator Ofgem, which outlined ambitious plans for a flexible electricity system in its May 2023 strategy.
The new platform is expected to bring cost and time efficiencies to flex sellers, offering access to new and existing income streams through revenue stacking. From operational assets registered on the Piclo Flex marketplace, Piclo Max could potentially unlock over £750 million annually in revenue stacking opportunities, according to Piclo.
As the global energy landscape shifts toward increased flexibility and decarbonization, Piclo Max aims to serve as a vital tool for balancing grids efficiently and reducing the cost of future grid reinforcement. The platform represents a collaborative effort to advance the flexibility market and foster a more aligned electricity market, supporting the ongoing transition to cleaner energy solutions.
