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BESS arbitrage revenue ranked by country & duration
As 2024 takes shape, there are two questions attracting a lot of focus for our battery investor clients: 1. Why did BESS revenues fall significantly in 2023? 2. Which European countries offer the most attractive BESS returns? In this article we look at both questions via an empirical analysis of ranked day-ahead arbitrage returns across European markets in 2022 vs 2023. We also set out 5 key takeaways from the analysis to feed into BESS investment case development. The BESS revenue stack over an investment horizon is underpinned by price spread capture in Day-Ahead (D-A) auctions. This involves for example for a one ... (full story)