This is a big deal. Initial market for batteries was regulation, which extremely small. Resource adequacy/capacity and energy market are much, much larger. The more storage becomes “in the money” in energy, the more it becomes a cheap capacity resource. (Low missing money = cheap capacity!)
Reposted from
Ovais Kashif
Batteries in CAISO earning revenues in 2024 👇
The gist? Trading energy in the day-ahead market is becoming more important (72% of merchant revenue in 2024, up from 64% in 2023)
Read the thread to find out which locations provided the best nodes on the network for this!
#energysky #CAISO #battery
The gist? Trading energy in the day-ahead market is becoming more important (72% of merchant revenue in 2024, up from 64% in 2023)
Read the thread to find out which locations provided the best nodes on the network for this!
#energysky #CAISO #battery
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