Pod Point enters UK’s flexible energy market ahead of schedule

Published 29/01/2025, 09:24
© Reuters

Investing.com -- Pod Point Group (WA:PGMP), an electric-vehicle charging company, has made an early move into the wholesale flexible energy market in the UK, under new regulations.

The company announced on Wednesday that it will be the first to sell energy on the wholesale market under the new P415 regulation. This regulation permits companies, even if they are not energy suppliers, to sell wholesale energy as a virtual trading party.

The flexible energy market is designed to reward energy users who adjust their electricity demand during peak times. Pod Point’s entry into this market is expected to generate an additional high margin revenue stream for the company.

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