balancing mechanism

Market analytics platform Modo Energy says December 2024 saw the highest battery energy storage revenues in Great Britain since January 2023.

Gresham House Energy Storage Fund (GRID) expects full year operational portfolio revenues of about £42 million, as December saw better dispatch rates of batteries in the balancing mechanism (BM).

Elexon has changed to rules of the balancing and settlement code (BSC) to reduce the financial exposure faced by large energy storage facilities.

The UK national energy system operator (NESO) has set four “short term” actions to make a “meaningful impact” on skip rates, in response to an open letter from the Battery Storage Coalition.

Harmony Energy Income Trust (HEIT) expects to receive offers for battery storage assets in its UK portfolio by the end of September.

Flexitricity’s Dr Alastair Martin discusses how BESS’ can mitigate the impact of negative energy prices in the UK.

Battery energy storage fund Gresham House has released annual accounts for the first half of 2023, showing lower H1 2023 revenues and a drop in share value.

Electricity Storage Network (ESN) has released an open letter to National Grid ESO highlighting concerns over the Balancing Mechanism (BM) which has seen an average skip rate of 80% for batteries between November 2022 and May 2023.

Despite macroeconomic challenges, Gore Street’s asset value surged 45% over the six months from 31 March 2022, as ancillary service revenues stayed strong.

Two UK battery energy storage systems (BESS) under development by Japanese engineering firm Nippon Koei’s Netherlands-based subsidiary have reached financial close.