Contribute with reserves
A balanced power system is essential to ensure a reliable electricity supply. An electricity grid must constantly be balanced between electricity production and electricity consumption to avoid excess or shortage of electricity
Need for reserves today
Contributing reserves to the power system can be a very promising business opportunity, and there are several advantages to this.
Som energisystemeAs energy systems develop and include a greater share of renewable energy, the need for flexibility and reserves to manage variations in production and demand increases.
Ancillary Services
Support services within the electricity system, such as frequency regulation, power reduction and other forms of system reserves, are usually completely market-based. This means that the services are procured openly and exposed to competition through bidding on the respective market.
Swedish Power Grid uses various support services to meet the various needs in the power system.
Multi-Market Optimization (MMO)
BESS (battery storage systems), are very versatile and therefore suitable for the optimization of several markets. It can predict prices for multiple markets and optimize the asset’s available capacity every hour.
Pricing:
Through bidding, the price of the support services is determined by market demand and supply. This helps ensure that pricing is fair and represents the actual cost of providing these services.
Optimizing revenue from BESS (Batteryenergystorage system) Flexibility
The technology and software used to anticipate and adapt to changes in price and demand are critical to making BESS plants efficient and profitable.
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