Version 3.4 of the Modo Energy GB battery revenue forecast is now live. This release features upgraded Balancing Mechanism modeling, rigorous gas and carbon price projections, revised CAPEX estimates, updated policy-driven buildout trajectories, and recalibration against the latest ME BESS GB index data.
These changes reflect not just technical refinements, but a broader shift in how battery revenues are optimized and constrained by real-world market and policy conditions.
For a detailed summary of the changes to the forecast, sign up to the livestream on April 30.
Balancing Mechanism integration enhances cross-market dispatch
Version 3.4 includes a newly developed optimization model for Balancing Mechanism dispatch. The new model features:
Integrated Balancing Mechanism optimization: Previously, the Balancing Mechanism was optimized separately from other markets, and allocated a fixed share of the daily cycle limit. It is now fully integrated into the core linear optimization, enabling cross-market dispatch based on relative prices and liquidity.