Dynamic Containment deep dive - June 2021
Dynamic Containment deep dive - June 2021
At a glance
Contracted volume has continued to increase for the eighth consecutive month, with average accepted volume growing 91 MW (+15%).
Prices have held steady at £17/MW/h driven by demand continuing to outstrip supply. Currently, there is space for a further ~700MW in DC.
Service cost continues to rise with increasing market participants, with average daily costs of £300k.
Daily price and volumes
Accepted volume surpassed 800 MW for the first time in June, with the entrance of the Oxford Energy Superhub and Minety sites.
Market share
Total monthly service costs were up +11% on May, driven by new market entrants.
Habitat continued to take home the highest proportion of revenues, with a DC portfolio of 140MW - the largest of all DC providers.
New entrants
June saw the entrance of 3 new sites into the Dynamic Containment market, most notably:
Minety, 100MW /136MWh- The largest battery energy storage site in Europe.
Oxford Energy Superhub 52MW/55 MWh - A partially state-funded, hybrid chemistry site consisting of 50MW/50MWh lithium-ion and 2MW/5MWh vanadium flow.
Leaderboard
With consistent pricing of £17/MW/h across all participants in DC, leaderboard position is driven largely by availability and uptime. The highest performing sites all held 24/7 contracts at 100% capacity.
