Successfully trading in the intraday market is a challenge, but our multi-markets BESS optimization solution combines AI-powered bidding with expert analysis and monitoring to drive consistently higher revenues.
As European power markets become increasingly competitive, more battery owners are looking to diversify their revenue streams and reduce risk. One key opportunity is energy arbitrage in the continuous intraday market (IDM), in which participants buy and sell electricity throughout the day.
IDM offers a variety of products with 15-minute to 1-hour duration. It covers the short-term time horizon until the end of the day and allows market participants to continuously trade very close to the actual delivery period. With renewable and distributed energy resources creating more drastic price swings in IDMs, the number of “buy low, sell high” opportunities for BESS owners is also growing. However, making the most of these requires a 24/7 storage optimization solution that can identify profitable trades, automate bidding and battery dispatch, and manage asset efficiency and performance.
How can you profit from intraday trading?
The aim of the intraday arbitrage is to monetize price spreads by charging (buying) when prices are low and then discharging (selling) at the most profitable time. The IDM allows participants to continuously submit, and change buy and sell positions based on market conditions and asset constraints, such as state of charge. It’s important to note that not all positions lead to the physical delivery of power; in most cases, the positions are closed before delivery, securing valuable profit without physically utilizing the asset.
Like all forms of commodity trading, IDM trading requires continuous monitoring of market fluctuations and price signals and adjusting your bidding strategy accordingly. Along with identifying trading opportunities, it’s crucial to ensure your BESS has enough capacity to deliver the required energy and any other ancillary services you wish to provide. This is why having a dedicated BESS management solution, such as Enery’s BESS optimization service, can give you a distinct advantage in the market.
How can BESS optimization enhance your intraday trading?
Our intelligent and fully automated system works 24/7 to maximize the value of every megawatt-hour you buy and sell. It uses advanced trading algorithms and AI-powered tools to continuously analyze market conditions, pricing signals, and supply and demand forecasts. Through this approach, you can automatically identify profitable spreads where your BESS can charge and discharge power most efficiently. You may also be able to secure margins on trades without physically delivering power, generating profit without adding to battery wear and degradation.
Using our BESS optimization solution, you can further diversify revenues by combining intraday trading with day-ahead trading and balancing market services. Our platform can automatically manage your intraday and day-ahead trading opportunities and use balancing optimization to deliver ancillary energy services.
“For many European battery owners, intraday trading is now the most profitable revenue stream. Our BESS optimization service makes it simple to launch an effective trading strategy that also enhances asset health and performance.”
Philip Schäffer, BESS Product Manager at Enery
Higher revenues are just a few clicks away
Intraday power trading has unique challenges, but an energy management solution that combines industry-leading software, insights, and market expertise is the key to driving higher long-term revenues.
At Enery, we have an international team of experts who are highly experienced in the modeling, testing, and automation of energy trading strategies. To find out how our BESS optimization solution can maximize the performance and value of your battery asset, contact a member of our team.