Share this
Optimizing Battery Bid Strategy with Yes Energy
As we transition to increased carbon-free energy generation, we’ll need more storage resources to pick up the slack where renewables can’t. In the meantime, most battery operators function as operating merchants, trading in the markets day-to-day to optimize their revenue, and providing the electric grid with much-needed resiliency.
The day before every trading day, one of the most important questions that needs to be answered is whether or not to bid in the ancillary service market or save some MWh to bid in the energy market.
Since batteries are such a flexible resource, they’re very well suited for both ancillary services markets and energy-only markets. With ancillary services markets being the less volatile of the two, their revenue is all but guaranteed. However, revenues may not be extravagant. Hence, our question of where to bid.
At Yes Energy, we’re uniquely positioned to provide the information that helps battery operators make better decisions surrounding their bid strategy and generally be more efficient in their daily workflow. In this paper, we’ll look at how Yes Energy’s tools allow us to navigate the following trends:
- market-wide analysis
- local geospatial analysis
- historical analysis.
Using a hypothetical battery plant in PJM, we’ll consider a step-by-step approach of each trend to decide whether to bid into the energy market tomorrow. This type of analysis could be applicable to any asset owners trying to optimize their bid strategy.
By Meghadeep Roy Chowdhury
Market Analyst
Yes Energy
Share this
- Industry News & Trends (96)
- Power Traders (65)
- Data, Digital Transformation & Data Journey (44)
- Asset Managers (38)
- Market Events (30)
- Asset Developers (26)
- Market Driver Alerts - Live Power (25)
- Utilities (25)
- ERCOT (23)
- ISO Changes & Expansion (22)
- Renewable Energy (20)
- PowerSignals (19)
- Infrastructure Insights Dataset (18)
- Energy Storage / Battery Technology (17)
- Live Power (17)
- DataSignals (16)
- Risk Management (15)
- Data Scientists (13)
- TESLA Forecasting (13)
- CAISO (12)
- PJM (9)
- Power Markets 101 (9)
- QuickSignals (9)
- MISO (8)
- SPP (8)
- Position Management (7)
- EnCompass (6)
- Financial Transmission Rights (6)
- Snowflake (6)
- Powered by Yes Energy (5)
- Submission Services (5)
- Asset Developers/Managers (4)
- Data Centers (4)
- Solutions Developers (4)
- Commercial Vendors (3)
- FTR Positions Dataset (3)
- Geo Data (3)
- Battery Operators (2)
- PeopleOps (2)
- AI and Machine Learning (1)
- Crypto Mining (1)
- FERC (1)
- ISO-NE (1)
- Independent Power Producers (1)
- Japanese Power Markets (1)
- Natural Gas (1)
- hydro storage (1)
- September 2024 (5)
- August 2024 (7)
- July 2024 (9)
- June 2024 (5)
- May 2024 (7)
- April 2024 (8)
- March 2024 (6)
- February 2024 (9)
- January 2024 (7)
- December 2023 (4)
- November 2023 (5)
- October 2023 (6)
- September 2023 (2)
- August 2023 (6)
- July 2023 (3)
- May 2023 (4)
- April 2023 (2)
- March 2023 (2)
- February 2023 (2)
- January 2023 (5)
- December 2022 (2)
- November 2022 (1)
- October 2022 (3)
- September 2022 (5)
- August 2022 (5)
- July 2022 (3)
- June 2022 (3)
- May 2022 (1)
- April 2022 (3)
- March 2022 (3)
- February 2022 (6)
- January 2022 (3)
- December 2021 (2)
- November 2021 (4)
- October 2021 (4)
- September 2021 (3)
- August 2021 (2)
- July 2021 (4)
- June 2021 (5)
- May 2021 (3)
- April 2021 (3)
- March 2021 (4)
- February 2021 (3)
- December 2020 (3)
- November 2020 (4)
- October 2020 (2)
- September 2020 (5)
- August 2020 (2)
- July 2020 (2)
- June 2020 (1)
- May 2020 (9)
- November 2019 (1)
- August 2019 (2)
- June 2019 (2)
- May 2019 (2)
- January 2019 (1)