opening up balancing[...] Following the launch severalmonths ago of the Electricity SystemOperator's new Open Balancing Platform,which will eventually replace the BalancingMechanism, UtilityWeek speaks to battery operators to gauge its performance so far

Ben Guest, manager of the Gresham House Energy Storage Fund, says the results so far suggest this problem has not yet been resolved. [...]Bukhsh says the bulk dispatch optimiser is "agnostic to the unit type" andwill eventually be applied to all units as the OBP replaces the Balancing Mech...

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Bibliographic Details
Published inUtility Week p. 9
Main Author Grimwood, Tom
Format Trade Publication Article
LanguageEnglish
Published Sutton NLA Media 14.03.2024
Subjects
Automation
Balancing
Energy storage
Engineers
Frequency dependence
Frequency response
Power plants
Revenue
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Summary:Ben Guest, manager of the Gresham House Energy Storage Fund, says the results so far suggest this problem has not yet been resolved. [...]Bukhsh says the bulk dispatch optimiser is "agnostic to the unit type" andwill eventually be applied to all units as the OBP replaces the Balancing Mechanism. Prior to the launch of the platform, operators of small assets and batteries had complained that the lack of transparency over why decisions had been made had left them wondering whether they had been treated unfairly by engineers whowere more comfortable dealing with large conventional power stations. [...]Modo said average Balancing Mechanism revenues for batteries hit £540/MWduring January this year, marking therst time these monthly revenues exceeded earnings from frequency response services, which were £210/MWlower following a drop off in prices.
ISSN:1356-5532