Partner with Welsh Power for complete asset management

Welsh Power can manage the construction of flexible power plant, grid stability plant, battery storage and wind turbines projects in the value range of £5m-£100m. We work with established contractors who meet our stringent safety, quality and environmental standards, ensuring projects deliver on programme and budget.

Welsh Power can undertake the complete operational management of energy assets including maintenance, safety, regulatory management, trading and gas supply.

We have established resources, processes and systems to easily and effectively provide operational asset management services and can provide the following:

• 24/7 Operations Desk to provide Real Time Asset Monitoring
• Managing and reporting on all aspects of the operations and maintenance
• Asset Performance Reporting
• Asset Cost Reporting
• Asset Inspection and Audits
• Full Compliance Management
• Route to Market Integration
• CCTV Monitoring and Access Control
• Procurement and coordination of all maintenance activities
• Ensuring that the health and safety and environmental obligations of the asset are met
• Managing all aspects of communications, facilities, utilities and building maintenance
• Managing all other statutory obligations and licences necessary to operate the asset
• Full O&M/LTSA and Ancillary Contract Management
• Contractor Selection: We can help you select capable contractors for your assets
• Stakeholder Liaison

Welsh Power can lead all aspects of an energy asset’s compliance and regulatory management including certain commercial matters such as revenue and cost reconciliation.  This would include:

• Compliance and metering:  REMIT (or equivalent), commercial and contractual metering obligations, assessments, administration, management, reporting and auditing
• Policy liaison and lobbying: Represent the power plants interest on issues of policy with the UK Government, DESNZ, Defra, Environment Agency, Ofgem and similar bodies
• Settlement: Develop and manage settlement validation mechanisms for all revenue due
• Capacity Market: Manage the complete capacity market process including prequalification, bidding, contracting, settlement and compliance
• Carbon Emissions
• Insurance: Arrange and manage appropriate insurance covers

Welsh Power can manage all aspects of your energy assets’ commercial management, including:

• Strategy: Develop all commercial strategies and undertake business planning
• Route to market: Manage all aspects of power plants relationship with a chosen route to market provider
• National Grid: Manage all aspects of the power plants relationship with National Grid
• Ancillary services: Manage all aspects of strategy, tendering and delivery
• Commercial Optimisation: Manage all aspects including setting strategy, pricing, delivery, and settlement
• Major contracting support: Provide legal and commercial support to all contracting

With proprietary systems for reporting, plant monitoring, dispatch and trading and a highly experienced team we constantly seek to optimise asset performance in a competitive market.

Our experience:

• Operated in the flexibility space since 2008 and been at the forefront of the evolving commercial and regulatory developments in the flexibility market
• Instrumental in the development of the long term STOR service
• Participated in the Capacity Market since its inception
• Significant experience of operating assets on behalf of our customers
• The largest STOR and DSO provider in the UK
• First to successfully migrate STOR contracts to PAS platform using bespoke platform for dispatch, real time monitoring, declarations and settlement incorporating combined performance and financial reporting
• Strong experience of optimising outside of principle wholesale markets: including Ancillary services, Reactive power, DSO flexibility services

Welsh Power has strong experience of Cost Management and Identifying Savings and Improvements. We can help you by undertaking gaps analysis and review of your current costs – and we can help develop an Operations Budget.

Welsh Power can undertake all aspects of your energy asset’s financial and corporate management including:

• Accounting, bookkeeping and cash management
• Management Reporting and Analysis
• Tax support and tax returns
• Audit support
• Financial reporting and accounts preparation
• Company secretarial services