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Powering Through Change: The Highs and Lows of ERCOT’s Battery Market

March 18 @ 11:00 am - 11:45 am CDT

2023 was an exceptional year for batteries in Texas, with 2 GW of capacity additions and margins over $300/kW for some assets. 2024, however, has disappointed many, with much lower margins amid continuous capacity additions. In this session, we will explore the current battery landscape in ERCOT, deep dive into what happened in 2024, and provide our forecasts on where things are expected to be headed, including key market design changes in the works.

This session will cover the following topics:

  • Battery landscape:
    • What do current battery capacity and the battery pipeline look like in ERCOT?
  • 2024: Blip or the new normal?
    • How did summer 2024 compare to summer 2023 in terms of prices and battery margins?
    • How fast has the market been saturating, and what can we expect in the future?
  • Upcoming policy and market developments:
    • What market impacts could we expect from the Real-Time Co-optimization of ancillary services (RTC)?
    • How do we expect the new ancillary service, Dispatchable Reliability Reserve Service (DRRS), to impact the market?
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Details

Date:
March 18
Time:
11:00 am - 11:45 am CDT
Event Category:

Venue

Zoom

Other

Service
ERCOT