UK power battery storage operators are likely to enter the wholesale and balancing power markets over the next couple of years amid increasing price volatility driven by further renewables build-out, according to Stuart Fenner, head of energy trading services at EDF.
Significant balancing issues have plagued the UK power grid as intermittent renewables take up a larger share of the generation stack. This brings an increasing need and opportunity for flexibility via battery storage assets to help facilitate a transition towards achieving net zero.
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