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George Levy discusses the value of intraday storage/demand optionality in UK power contracts. The half-hourly power price is simulated via a power fundamental model that includes wind and photovoltaic (PV) generation. It is found that most of the value is generated during the winter months. In addition it is shown that for an import site with PV generation there is an optimum battery size.
As the amount of renewable energy available to the Natio