Executive Summary

• On December 12th, battery revenues in Great Britain hit a two-year high, as wholesale power prices spiked to £496/MWh.
• Batteries earned 60% of their daily revenue from wholesale markets, exporting 5.5 GWh.
• Frequency response revenues surged, with Dynamic Containment Low clearing prices reaching £70/MW/h.

Subscribers to Modo Energy’s Research will also find out:

• How low wind generation and high peak demand drove up wholesale prices and battery earnings.
• Why interconnector capacity purchases at £3,400/MWh played a crucial role in stabilizing the grid during price spikes.
• How optimizers dynamically adjusted bids to capitalize on high wholesale trading opportunities.

To get full access to Modo Energy’s Research, book a call with a member of the team today.

Introduction

On December 12th, batteries in Great Britain achieved their highest single-day revenues in two years, earning £204k/MW/year. This milestone came after they recorded their third-highest single-day revenues of the year on December 11th, as wholesale power prices spiked on two consecutive days.