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28 August 2025

Benchmarking European battery revenue with Top-Bottom (TB) spreads

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Benchmarking European battery revenue with Top-Bottom (TB) spreads

​If you're in the business of battery energy storage, you need a clear, consistent way to benchmark potential revenue. That’s where Top-Bottom (TB) spreads come in. These spreads offer a powerful shorthand for understanding energy arbitrage opportunities in wholesale markets.

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