The recent introduction of 15-minute settlement periods across European power markets could result in significantly higher profits for battery storage asset operators.
The power markets of Europe continue their shift to 15-minute settlement periods today (30 September), a reform which could increase the revenue opportunities for energy storage and other flexibility resources.
Energy-Storage.news Premium speaks with Sergio Melendez, storage sector manager at CAISO, and Ali Karimian, market optimisation director at GridBeyond, about regulating Bid Cost Recovery Payments in the California Independent System Operator market.
REV Renewables and subsidiaries owned by NextEra Energy have reached settlement agreements with the US Federal Energy Regulatory Commission relating to alleged BESS operating violations in CAISO.
