12 February 2026

NESO Reformed National Pricing: Five key themes

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NESO Reformed National Pricing: Five key themes

NESO has published its Call for Input on the Reformed National Pricing (RNP) package. The 133-page document is the most detailed signal yet of how GB market arrangements may evolve, moving beyond high-level design theory into specific data on current trading behaviour and proposing reforms that could reshape the BESS revenue stack from 2027.

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Constraints retrading: banning storage would cost consumers millions

Research and Analysis

13 min

Constraints retrading: banning storage would cost consumers millions

NESO's leading option (3A) would stop storage being bid down in the Balancing Mechanism during a constraint. But once all five elements of a re-trade are counted, Scottish batteries have saved consumers around £30 million. A ban strips out most of that. Pricing, not access, is the better lever.

15 hours ago

What is behind-the-meter storage, and how does it work for industry in Germany?

Explainer

10 min

What is behind-the-meter storage, and how does it work for industry in Germany?

Grid access is an increasingly sparse good in Germany. But for many industrials, even a behind-the-meter battery can be valuable. It can shape the demand of the industrial unit to get a grid fee discount. And even as this discount is overhauled, energy and balancing markets provide a strong incentive for adding a battery.

16 hours ago

July 2026 Spain Forecast update: The solar buildout continues

Forecast Updates

5 min

July 2026 Spain Forecast update: The solar buildout continues

The July 2026 release improves the solar bidding methodology. Modelling tracker bid curves lifts the unclipped solar capture price by ~€6/MWh in 2028 versus the April 2026 release (Apr-26). That comparison holds fixed-tilt structures constant across bo...

18 hours ago

Volatility events in the NEM: what is the future value for BESS?

Research and Analysis

9 min

Volatility events in the NEM: what is the future value for BESS?

21 volatility events since 2016 drove most NEM battery upside, and the largest six earned half. Wind now drives the south, capacity the north.

1 day ago

Modo Energy (Benchmarking) Ltd. is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority (Firm number 1042606) under Article 34 of the Regulation (EU) 2016/1011/EU) – Benchmarks Regulation (UK BMR).

NESO Reformed National Pricing: Five key themes

NESO Reformed National Pricing: Five key themes

Constraints retrading: banning storage would cost consumers millions

What is behind-the-meter storage, and how does it work for industry in Germany?

July 2026 Spain Forecast update: The solar buildout continues

Volatility events in the NEM: what is the future value for BESS?

Products

Solutions

Resources

Company

NESO Reformed National Pricing: Five key themes

NESO Reformed National Pricing: Five key themes

Constraints retrading: banning storage would cost consumers millions

What is behind-the-meter storage, and how does it work for industry in Germany?

​July 2026 Spain Forecast update: The solar buildout continues

Volatility events in the NEM: what is the future value for BESS?

Products

Solutions

Resources

Company

July 2026 Spain Forecast update: The solar buildout continues