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Modelling the Balancing Mechanism

The BM is a big part of future battery revenues

TLDR: The Modo Forecast includes revenues from the Balancing Mechanism, which differ by region

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Wondering what the Balancing Mechanism is? Check out The Energy Academy

We model a single price for bids and offers across GB. However, BESS revenues depend on the specific location of the site. That's because the amount of energy that we expect the ESO control room to need from an asset to balance the system often depends on where it is, and so how often it gets called on.

Forecasts of bid and offer prices are available in our Power Price package, and BESS revenues in the BM are available in the BESS revenue package.