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04 January 2024

Battery energy storage: revenues fall 40% in November 2023

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Battery energy storage: revenues fall 40% in November 2023

Monthly average battery energy storage revenues fell 40% to £2.9k/MW in November. This is their lowest level since Modo Energy started tracking revenues in 2020. This is a significant reversal of the previous two months’ increasing revenues and comes following the launch of the Enduring Auction Capability on November 3rd.

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Modo Energy (Benchmarking) Ltd. is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority (Firm number 1042606) under Article 34 of the Regulation (EU) 2016/1011/EU) – Benchmarks Regulation (UK BMR).

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