By ESS news
The economy of BESS in Europe has improved significantly due to changes in that of the European Union energy price structure in October. According to Rystad Energy, several countries now offer the potential to grow BESS profits by more than 15% and even more than 20%.
Under the revised system, electricity prices are set every 15 minutes instead of every hour, giving storage operators more of the opportunity to buy power when it is cheap and sell it when prices rise.
Since the shift, arbitrage potential in European energy markets has increased by an average of 14%. Some countries – such as Austria and Slovakia – have seen gains of more than 20%, while others, including Portugal, Norway and Sweden, have experienced only marginal improvements.
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