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05 January 2024

Battery energy storage: revenues at an all time low in December 2023

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Battery energy storage: revenues at an all time low in December 2023

Average battery energy storage revenue for Balancing Mechanism registered assets in December fell 16% to £2.5k/MW, the lowest since Modo Energy began tracking revenue in 2020. This is a result of frequency response revenues continuing to fall since the launch of the Enduring Auction Capability in early November.

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