Market update: Great Britain with Wendel Hortop (Market Lead @ Modo Energy)
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Apr 11, 2024 ·
33m
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...
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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:
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- 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 our guest
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Author | Ysabelle Swan |
Website | - |
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