24 November 2023
Enduring Auction Capability: why are frequency response prices falling?
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Enduring Auction Capability: why are frequency response prices falling?
Since the Enduring Auction Capability (EAC) launched on November 2nd, the average clearing price of frequency response has fallen for every service except Dynamic Regulation Low. The average price across all services is 35% lower than in the two weeks preceding the EAC. This has hit battery energy storage revenues, with most systems seeing lower value than in October.
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