GB-specific modeling considerations for power markets and battery revenues
Great Britain has unique market structures and revenue opportunities that require specific modeling approaches. This section covers the key aspects of the GB power market, including network charges, transmission constraints, and the Balancing Mechanism.
Explore GB Market Topics
Dispatch Model
GB-specific dispatch optimization and market participation strategies
Key Assumptions
GB-specific assumptions for Dynamic Frequency Response services and EFA blocks
Day-Ahead and Frequency Response
Optimizing batteries across wholesale day-ahead markets and Dynamic Frequency Response services
Frequency Response Requirements
How battery saturation affects frequency response market participation
Transmission Network Use of System (TNUoS)
TNUoS charges, triad revenues, and embedded export tariffs for batteries in GB
Distribution Use of System (DUoS)
Distribution network charges and red/amber/green tariff structures
Capacity Market
How Modo forecasts GB Capacity Market clearing prices and applies them to battery revenue projections
Balancing Mechanism (BM)
Modeling transmission constraints, bid-offer prices, and BM revenues for batteries
Model Calibration
Calibrating forecast battery revenues to real-world numbers using the Modo Energy benchmark
Location
GSP groups, DNO regions, and how battery location affects transmission constraints
Intraday Market
Continuous intraday trading, price formation, and battery optimization strategies