Frequently Asked Questions
We have compiled a list of questions that forecast users often have.
Please reach out to the team if you have any more questions.
- How often do you update the model?
- What is included in the Forecast run library?
- How have we determined the demand forecast? E.g. in terms of future weather scenarios, electrification.
- How do you deal with price cannibalization for storage (and interconnectors)?
- How do you model scarcity pricing?
- How do you deal with negative pricing and CfD payments?
- Can the model deal with curtailment?
- Is there a volume limit to the Balancing Mechanism? If so, how do you set that?
- How do you know that the commercial model of storage, and other generator types, is viable?
- How did we arrive at our carbon derating factors for gas in the CM?
- Why are merchant revenues higher than merchant & ancillary revenues in the forecast?
- Are electricity import costs included in the BESS revenue forecast?
- Why is average cycling shown less than the daily limit of the scenario?
- How do you model churn within the model?
- How do we treat a cycle?
- Why aren't the revenues of batteries with a 4-hour duration double that of an equivalent 2-hour duration battery?
- Why are TNUoS rates £0 for transmission-connected systems?
- Do you consider Distribution Use of System charges in the revenue forecast?
- What impact do line losses have?
- Are your revenues using real or nominal prices? Are the revenue outputs themselves real or nominal?
- What do the results look like?
- What do the results show?
- Why does annual demand TWh not match total generation TWh in the scenario databook?
- How are you backtesting results?
Updated 9 days ago