Episode description
With battery storage revenues averaging £27k per MW per year from November to February , a mixture of factors have contributed to the decline in battery revenues. What are some of the complexities surrounding the market dynamics in Great Britain, why have batteries seen such a decline, and what does the future look like?
In today’s episode Quentin is in the studio with Modo Energy’s GB market lead - Wendel Hortop, Throughout the conversation, they discuss:
- Some of the factors contributing to the decrease in revenues over the winter period and the wider impact on the system.
- A look at the potential reasons for the drop in peak demand in the UK.
- The affect of interconnectors on prices.
- Opportunities and limitations for batteries in the balancing mechanism.
- What future changes could mean for batteries.
About Modo Energy
Modo Energy provides benchmarking, forecasts, data, and insights for new energy assets - all in one place.
Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.
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