Macros scenarios: high case

Modo forecasts a 'high' case for future revenues of battery energy storage.

This is largely the inverse of the 'low' case.

The High case scenario assumes more optimistic battery dispatch and higher intraday revenues

• We increase Balancing Mechanism dispatch by assuming that the competition from other BM units is reduced by half.
• We increase the uplift due to intraday trading actions by 20%.
• We increase the calibration factor by 10% with the Modo Benchmark to recognize that some assets return higher revenues than others.