Buy cheap, sell when expensive.
A company stores electricity when it is cheap (e.g. at night or through excess solar/wind generation) and sells or uses it when the price rises (e.g. during peak hours).
How to earn?
1. Use batteries in conjunction with solar/wind power plants.
2. Monitor changes in electricity prices and optimise energy use.
Aggregators can provide services to the electricity grid by stabilising the frequency and ensuring grid stability.
How to earn?
-Participate in balancing markets
- sell stored energy to LITGRID when the frequency needs to be stabilised.
The main services that LITGRID buys through the aggregator/aggregator are:
-FCR
(Frequency Containment Reserve) - frequency stabilisation (ultra-fast responses up to 15min).
-aFRR/mFRR
(Automatic/Manual Frequency Restoration Reserve)
- frequency restoration, long term corrections.
Use batteries in conjunction with solar/wind farms. Monitor changes in electricity prices and optimise energy use.
Couplers provide services to the electricity grid by stabilising frequency and ensuring stability. LITGRID pays for rapid response and balancing services. Participate in balancing markets - sell stored energy to the grid when it is needed to stabilise the electricity frequency.