Battery storage on a capacity market
- Admin
- Aug 2, 2024
- 1 min read
The German government is focusing on ensuring a fully renewable electricity system with the German Kraftwerksstrategie. Capacity markets have been successfully implemented in European countries like the UK, Belgium, Italy, Poland, and more to ensure sufficient energy availability. Battery storage plays a crucial role in reducing the need for gas-fired power plants and cutting emissions. The design of capacity markets involves long-term contracts for available generation capacity. Various key aspects like derating factor, plant availability, and auction formats are important for successful capacity market design.
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