Ancillary vs wholesale markets: understanding decoupling and convergence
This blog describes the most likely scenarios in which ancillary prices might diverge from wholesale signals, as well as when they might reconnect.
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Liquidity and competition in ancillary markets: why small volume changes move prices sharply
This blog explores why ancillary markets are structurally thinner than wholesale markets, indicators to suggest volatility and how this, in turn, can affect
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Ancillary market reform and harmonisation: what it means for price discovery
This blog looks at how European harmonisation reforms are reshaping ancillary price formation and the best way to react to these changes.
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Revenue stacking in ancillary markets: balancing capacity, activation and wholesale exposure
This blog takes a look at how ancillary revenue stacking works in practice, where the key risks sit, and how optimisation frameworks must evolve as
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Reserve scarcity and price spikes: when ancillary markets become the real stress signal
This blog examines the mechanics behind reserve scarcity and explains why ancillary markets often act as leading indicators of grid stress.
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Ancillary services markets explained: how price discovery really works
This blog shares insights into how price discovery for ancillary services truly works across reserve markets in the UK, DACH, and the Nordics. It also
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Frequency response markets: why FCR prices move independently of wholesale power
For reserve traders, battery portfolio managers, and market analysts, grasping why FCR prices fluctuate independently is crucial for predicting returns and
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Denmark and its neighbours: Flows, spreads and the impact of flow-based coupling
Denmark’s power prices do not move in isolation. Over the past year, shifts in flow-based market coupling, cross-border constraints and rising wind output
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How battery storage expansion in Germany will affect power prices
Battery energy storage systems (BESS) are becoming increasingly important in the German power market. A look at the ‘Marktstammdatenregister’ of the Federal