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Piclo, a leading smart and flexible energy marketplace, today launches Piclo Exchange, the inaugural secondary trading marketplace for Capacity Market Providers. For the first time, Capacity Market Providers can register to find, buy and sell existing contracts with other qualified providers in a single place. In the Capacity Secondary Market alone, there have been almost 300 trades in each of the previous two delivery years, worth between £15m to £35m.
Piclo Exchange was developed as part of the BEIS FleX Exchange innovation trial, during which Piclo collaborated with the National Grid EMR team and Capacity Market Providers to understand barriers and help shape improvements to secondary trading in the Capacity Market, as it continues to evolve in response to Net Zero and the growing demand for flexible, clean power.
As well as providing additional value streams and revenue stacking opportunities on Piclo’s existing marketplace, Piclo Flex, Piclo Exchange will optimise participation by providing access to multiple flexibility markets (both ESO and DSO) via one interface. Piclo Exchange will make secondary trading opportunities visible and available in one place, streamline the process for trading agreements and deliver the best price through a competition auction.
Competitive secondary markets are an important feature of flexibility markets, providing security to those participating that if they needed or wanted to, they could trade away their obligations. Whilst the Piclo Exchange trial is focusing on Capacity Market secondary trading, in future the marketplace could be applied to other secondary markets, such as DSO flexibility markets.
James Johnston, CEO and co-founder, said: “Piclo Exchange is an industry-first and will directly contribute to creating a more transparent and effective secondary market in the Capacity Market. Previously, a lack of visibility in the process for CM secondary trading was a barrier, with no open way to know who was looking to trade or how to get the best price.
“Our new marketplace offers compelling new revenue and de-risking opportunities for Capacity Market Providers which will make the market more efficient and liquid. We are looking forward to welcoming new Capacity Market Providers and encourage them to register to join the growing number of +10 active providers who have already come on board.”
Piclo Exchange builds on Piclo Flex, the UK’s leading independent marketplace for locational flexibility services, which brings together System Operators and Flex Providers, with a total of 13.9GW of flexible capacity registered.
ENDS
[This notice was updated on 11 June 2025]
Piclo is the world’s leading independent marketplace for energy flexibility. Our mission is to accelerate the decarbonization of electricity grids by connecting flex sellers - such as EV and battery operators, and DER aggregators - with every potential buyer, everywhere.
Through Piclo’s platform and services, flexibility providers can maximize the value of their assets by accessing a wide range of commercial opportunities across multiple markets and geographies. At the same time, flexibility buyers - including utilities, system operators, and energy retailers - gain access to the world’s largest pool of vetted flex sellers. Our platform helps them procure, operate, and settle flexibility services in a secure, streamlined, and scalable way.
Piclo operates across the USA, Europe, and Australia. Today, over 250 flex sellers - including Octopus Energy, Enel X, and Sunrun - have registered more than 350,000 assets, representing 30+ GW of flexible capacity on the platform. Flexibility buyers on Piclo include NESO, National Grid, SP Energy Networks, Northern Powergrid, E-Distribuzione, E-Redes, and Powercor.
To date, Piclo has enabled over $100 million and 3+ GW in flexibility contracts through its marketplace.
To learn more, get in touch, follow us on LinkedIn, or watch our story on YouTube.