Although markets vary in their details, there are a number of common steps that most assets will go through. Axle manages this process on your behalf, from registering assets through to revenue.

Registering in the market

Typically the market operator will require the smart meter identifier (the MPAN in the UK) and the asset type for us to register the asset. In some cases we’ll need to know more, such as the asset’s max power or capacity.

There’s typically a delay after an asset is registered before it can participate in the market. This is usually a few days, but can be longer in some cases.

Bidding

Axle will determine the optimal bidding strategy for your asset, based on the market rules and the asset’s capabilities.

Markets operate on different timescales. In some cases we’ll be placing bids for the next day, in others we’ll be placing bids weeks or months in advance.

Dispatch

We’ll deliver the contracted flexibility to the market operator by dispatching your assets, and collecting the requisite telemetry data.

Settlement

After a dispatch, we’ll submit metering data to the market operator and collect the payment. We are typically able to estimate our earnings within 24hrs of a dispatch, but the final settlement can take weeks or months, depending on the market.