diff --git a/RELEASE_NOTES.md b/RELEASE_NOTES.md
index 4563c5576..0c94034b2 100644
--- a/RELEASE_NOTES.md
+++ b/RELEASE_NOTES.md
@@ -46,6 +46,10 @@
 
 - The `ComponentGraph.components()` parameters `component_id` and `component_category` were renamed to `component_ids` and `component_categories`, respectively.
 
+- The `GridFrequency.component` propery was renamed to `GridFrequency.source`
+
+- The `microgrid.frequency()` method no longer supports passing the `component` parameter. Instead the best component is automatically selected.
+
 ## New Features
 
 <!-- Here goes the main new features and examples or instructions on how to use them -->
diff --git a/src/frequenz/sdk/microgrid/_data_pipeline.py b/src/frequenz/sdk/microgrid/_data_pipeline.py
index 720587c22..1b46ca3a5 100644
--- a/src/frequenz/sdk/microgrid/_data_pipeline.py
+++ b/src/frequenz/sdk/microgrid/_data_pipeline.py
@@ -19,7 +19,6 @@
 from frequenz.channels import Broadcast, Sender
 
 from ..actor._actor import Actor
-from ..microgrid.component import Component
 from ..timeseries._base_types import PoolType
 from ..timeseries._grid_frequency import GridFrequency
 from ..timeseries.grid import Grid
@@ -119,29 +118,21 @@ def __init__(
         self._grid: Grid | None = None
         self._ev_charger_pools: dict[frozenset[int], EVChargerPool] = {}
         self._battery_pools: dict[frozenset[int], BatteryPoolReferenceStore] = {}
-        self._frequency_pool: dict[int, GridFrequency] = {}
+        self._frequency_instance: GridFrequency | None = None
 
-    def frequency(self, component: Component | None = None) -> GridFrequency:
+    def frequency(self) -> GridFrequency:
         """Fetch the grid frequency for the microgrid.
 
-        Args:
-            component: The component to use when fetching the grid frequency.  If None,
-                the component will be fetched from the registry.
-
         Returns:
-            A GridFrequency instance.
+            The GridFrequency instance.
         """
-        if component is None:
-            component = GridFrequency.find_frequency_component()
+        if self._frequency_instance is None:
+            self._frequency_instance = GridFrequency(
+                self._data_sourcing_request_sender(),
+                self._channel_registry,
+            )
 
-        if component.component_id in self._frequency_pool:
-            return self._frequency_pool[component.component_id]
-
-        grid_frequency = GridFrequency(
-            self._data_sourcing_request_sender(), self._channel_registry, component
-        )
-        self._frequency_pool[component.component_id] = grid_frequency
-        return grid_frequency
+        return self._frequency_instance
 
     def logical_meter(self) -> LogicalMeter:
         """Return the logical meter instance.
@@ -409,17 +400,13 @@ async def initialize(resampler_config: ResamplerConfig) -> None:
     _DATA_PIPELINE = _DataPipeline(resampler_config)
 
 
-def frequency(component: Component | None = None) -> GridFrequency:
+def frequency() -> GridFrequency:
     """Return the grid frequency.
 
-    Args:
-        component: Optional component to get the frequency for. If not specified,
-            the frequency of the grid is returned.
-
     Returns:
         The grid frequency.
     """
-    return _get().frequency(component)
+    return _get().frequency()
 
 
 def logical_meter() -> LogicalMeter:
diff --git a/src/frequenz/sdk/timeseries/_grid_frequency.py b/src/frequenz/sdk/timeseries/_grid_frequency.py
index 805b6aea2..96ac30285 100644
--- a/src/frequenz/sdk/timeseries/_grid_frequency.py
+++ b/src/frequenz/sdk/timeseries/_grid_frequency.py
@@ -49,32 +49,32 @@ def __init__(
         self,
         data_sourcing_request_sender: Sender[ComponentMetricRequest],
         channel_registry: ChannelRegistry,
-        component: Component,
+        source: Component | None = None,
     ):
         """Initialize the grid frequency formula generator.
 
         Args:
             data_sourcing_request_sender: The sender to use for requests.
             channel_registry: The channel registry to use for the grid frequency.
-            component: The component to use for the grid frequency receiver. If not
-                provided, the first component that is either a meter, inverter or EV
-                charger will be used.
+            source: The source component to use to receive the grid frequency.
         """
         self._request_sender = data_sourcing_request_sender
         self._channel_registry = channel_registry
-        self._component = component
-        self._component_metric_request = create_request(component.component_id)
+        self._source_component = source or GridFrequency.find_frequency_source()
+        self._component_metric_request = create_request(
+            self._source_component.component_id
+        )
 
         self._task: None | asyncio.Task[None] = None
 
     @property
-    def component(self) -> Component:
-        """The component that is used for grid frequency.
+    def source(self) -> Component:
+        """The component that is used to fetch the grid frequency.
 
         Returns:
             The component that is used for grid frequency.
         """
-        return self._component
+        return self._source_component
 
     def new_receiver(self) -> Receiver[Sample[Frequency]]:
         """Create a receiver for grid frequency.
@@ -89,22 +89,23 @@ def new_receiver(self) -> Receiver[Sample[Frequency]]:
         if not self._task:
             self._task = asyncio.create_task(self._send_request())
         else:
-            _logger.info("Grid frequency request already sent: %s", self._component)
+            _logger.info(
+                "Grid frequency request already sent: %s", self._source_component
+            )
 
         return receiver
 
     async def _send_request(self) -> None:
         """Send the request for grid frequency."""
-        _logger.info("Sending request for grid frequency: %s", self._component)
         await self._request_sender.send(self._component_metric_request)
-        _logger.info("Sent request for grid frequency: %s", self._component)
+        _logger.debug("Sent request for grid frequency: %s", self._source_component)
 
     @staticmethod
-    def find_frequency_component() -> Component:
-        """Find the component that will be used for grid frequency.
+    def find_frequency_source() -> Component:
+        """Find the source component that will be used for grid frequency.
 
-        Uses the first meter it can find to gather the frequency. If no meter is
-        available, it will use the first inverter, then EV charger.
+        Will use the first meter it can find to gather the frequency.
+        If no meter is available, the first inverter will be used and finally the first EV charger.
 
         Returns:
             The component that will be used for grid frequency.