Battery storage in electricity markets
Seminar details
Are BESS a good addition for my projects and my business model?
Battery storage systems are becoming increasingly popular in the energy market. However, looking at the frequency containment reserve (FCR) market is no longer sufficient for economic operation. The aim is to find additional revenue markets. A multi-market approach for maximising revenue requires comprehensive understanding and quantitative analysis of the relevant market segments. In this seminar, we will show you marketing options on the wholesale spot markets and the balancing markets (ancillary services). We will also explain the influence of marketing strategies on capacity utilisation and profitability.
Date: 10 & 11 July 2024, 9:00 am to 12:30 pm
Registration deadline via Montel Website: 09. July 2024, 10:00 am
Price: 1050,– EUR p. P. plus GST, incl. seminar material (digital)
15 % Early bird discount until July 8th, 2024
Place: Live online training via Microsoft Teams (System requirements)
Please note: Participation in our training courses and workshops is only possible as employee of a company. Private individuals are excluded from participation.
- Specialists and managers in the energy industry with interfaces to energy trading, purchasing or business development
- Market actors planning investments in and financing projects in the energy market.
- Employees from industrial companies with significant electricity consumption
You are already developing various energy supply projects or operating your own systems. You have heard that batteries are very profitable on the electricity market, but that it is a complex field.
You want to better understand and ultimately evaluate for your business whether it is worth entering this market, and how best to do it. For this, you need an overview of the various options – technological, regulatory and in terms of revenue generation.
After this training, you will be able to:
- Identify relevant markets for battery storage systems,
- Analyse the legal framework for the use of storage systems,
- Evaluate the revenue potentials in different markets.
Agenda
Session 1: Overview of storage technologies
- Brief overview of storage technologies
- Parameters and characteristics of storage systems
- Market development and monetary aspects
Session 2: Applications at a glance
- Use of batteries in the electricity market (front-of-the-meter)
- Use of batteries to optimise consumption (behind-the-meter)
- Innovation tender: RE + battery = high market values?
Session 3: Legal framework conditions
- Are storage systems producers, consumers or something completely different?
- Charging electricity: grid utilisation fees, concession fee and levies
- Favourable treatment of storage in energy law
Session 4: the new balancing energy market
- Primary control power, secondary control power, minute reserve (volumes, price determination, deadlines)
- Conditions and processes on the balancing markets
- Analysis of the revenue potential in ancillary markets
Session 5: Spot markets in comparison
- Recap: Day-ahead auction, intraday auction, continuous intraday trading
- Recap: Factors influencing price formation on short-term markets
- Analysis of revenue potential - quarter-hourly products as an opportunity for battery storage?
Session 6: Practical applications & outlook
- Comparison of marketing strategies and revenues:
- Balancing markets vs. spot markets
- Prosumers with storage + PV: self-supply and residual load curve
- Residual load profile
- Outlook: Importance of batteries in the 2030 electricity market
Please register via https://montelgroup.com/resources/events/battery-storage-in-electricity…
Regardless of whether you are a career changer in the energy sector or a long-standing specialist: you are always faced with new challenges and need up-to-date specialist information to cope with your professional tasks. Time and money are tightly budgeted and leave little room for long-term energy market training.
We offer compact trainings for the efficient and sustainable transfer of current market knowledge. We work independently and regularly observe and analyse market changes - and pass on our findings and experience in the training courses. We bring complex correlations to the point in a clear and understandable way. The live trainings give you the opportunity to talk directly with our experts and participants from the industry.
We offer compact trainings for the efficient and sustainable transfer of current market knowledge. We work independently and regularly observe and analyse market changes – and pass on our findings and experience in the training courses. We bring complex correlations to the point in a clear and understandable way. The live trainings give you the opportunity to talk directly with our experts and participants from the industry.
No suitable topics or dates found? We will be happy to help you. Please contact us!
Luisa Castro
Assistant