Slow Reserve day one - gas dominance and pricing quirks
Great Britain's new Slow Reserve product cleared its first auction on 31 March 2026. Gas took 75% of the 1,800 MW requirement. Batteries showed up overnight and disappeared by morning. The auction's welfare-maximising algorithm cleared two periods at £0/MW/h despite no unit bidding at zero. And in the Balancing Mechanism, holding a Slow Reserve contract made no difference to how much batteries were used, despite technical requirements implying longer dispatches.
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