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Research

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

28 Aug 2025

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.
Day-Ahead & Real-Time optimization: How DART trading works in ERCOT
Battery Operations

27 Jun 2024

‘DART optimization’ is the umbrella term for any strategy that leverages both the Day-Ahead and Real-Time Energy markets to generate revenue. Like all Energy arbitrage strategies, the idea is to buy low and sell high. The only twist is that market part...
Trading in the continuous intraday market: how does it work?
Wholesale Markets

14 Dec 2023

The EPEX continuous intraday market is unique as it follows an order book format rather than an auction process. Trades are priced individually and cleared continuously, similar to a stock market. Prices for power in each delivery period change through...
Intraday trading: what is the revenue potential for batteries?
Research

14 Dec 2023

The launch of the new Enduring Auction Capability is squeezing prices in frequency response services. One area that could provide value to battery energy storage is trading within the continuous intraday market. Higher daily spreads in this market can ...

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