One Hub Energy advised
Octopus Energy Generation
Mid-term revenue forecasting for balancing and ancillary services markets
Analysis of the operating strategies and dynamics of the ancillary services markets, with mid-term price and revenue forecasts per market (€/MW) and multiple future scenarios for renewable assets.
The client had to understand how the balancing service markets were likely to evolve, and what revenue they could add to a renewable asset, in order to set its market participation strategy.
One Hub Energy analysed the operating strategies and the dynamics of the ancillary services markets and produced mid-term price forecasts for the balancing service markets, including the estimation of the upside for a PV project. The work covered revenue forecasts per ancillary service market for renewable assets (€/MW) with multiple future scenarios, a historic analysis of market prices, offer orderbooks and the predominant technologies providing each service, and an evaluation of the market participation strategies of the different technologies — for instance the recent influx of renewable generation into the aFRR market.
"Mid-term revenue forecasts and a market evolution analysis were delivered for the ancillary services, enabling asset strategy optimisation."
- Mid-term revenue forecasts per ancillary service market (€/MW)
- Multiple future price scenarios
- Historic analysis of prices, orderbooks and predominant technologies
- Evaluation of market participation strategies by technology
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Where this work sits
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