Batteries create value from harvesting price volatility. The real time Balancing Mechanism (BM) has the most volatile prices in the GB market, yet battery (BESS) assets have captured limited BM value to date. BESS BM value capture has historically been impacted by: 1. Manual dispatch of flexible assets by the System Operator (ESO), disadvantaging smaller asset dispatch 2. The 15 min rule where BESS bid offer acceptances are effectively limited to 15 mins of duration (given issues with the ESO’s visibility as to state of charge) 3. Skip rates where the ESO has consistently chosen higher priced assets over BESS in the ... (full story)