GB battery storage revenues fell 14% in September 2024 to £48k/MW/year, despite it being the fourth-highest revenue month of the year.
Wholesale trading revenues held steady at £21k/MW/year, but Balancing Mechanism earnings declined from August’s record high.
Batteries earned 96% of their negative price revenues through the Balancing Mechanism.

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

Why September 10th was the highest-earning battery revenue day since October 2023.
How declining wind generation and higher gas prices affected power price spreads.
What NESO’s Balancing Programme changes mean for future battery dispatch and market participation.

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

Watch the video to get a flavour of the full report.

Introduction

In Great Britain, battery energy storage revenues fell 14% in September - to £48k/MW/year. Despite the decrease, September was still the fourth-highest revenue month of 2024 so far.

GB battery energy storage revenues fell 14% in September 2024

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