In recent years, negative power prices have become a growing phenomenon in the UK’s electricity market. In 2024, Britain experienced 248 hours of negative power prices, a notable increase from 213 hours in 2023 (based on intraday Market Average Price). This underscores the complexities of balancing renewable energy generation with fluctuating demand. While negative power prices pose challenges for generators, they also highlight the opportunities for innovative solutions. Battery energy storage systems (BESS) offer a strategic solution to mitigate risks, optimise revenues, and enhance flexibility. When combined with Corporate Power Purchase Agreements (CPPAs), businesses can further strengthen their approach to managing market risks and securing long-term price stability. In this webinar, hosted by Energy Live News, Head of Origination Neil Garland will discuss: • causes and implications of negative power prices • the economic benefits of pairing batteries with CPPAs • how strategic charging and discharging can help optimise revenues • trading strategies for co-located battery and renewables projects • how CPPAs can support renewable energy generators in navigating these challenges
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