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Tag: Price Forecasting

All Articles about Price Forecasting

A new index by FlexPower shows the current and historical value of flexible dispatch resources in energy trading

New Index Calculates Value of Flexibility in the German Electricity Market

The FlexIndex measures on a daily basis the revenues that operators of flexible assets can achieve in Germany’s short-term spot market. The index is based on a reference battery with a storage capacity of one megawatt-hour and a power of one megawatt.

Symbolic image of an old scientist working on complex calculations with a chameleon by his side, representing the science of battery storage revenue modeling in electricity markets.

The Battery Specific Science of Revenue Modelling

Over the last year we became increasingly involved with the “science” of modelling past and future revenues of battery energy storage systems (BESS) and now decided to shed some light on this practice. We believe that customers are being sold a lot of voodoo for science and that the incentives in this industry are not at all well aligned.