What goes into successful energy storage bid optimisation in ERCOT and CAISO?

Ali Karimian, Alden Phinney | Source: Energy Storage News | Posted 01/31/2025

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Ali Karimian and Alden Phinney of AI-powered energy services provider GridBeyond discuss winning strategies for playing battery storage into wholesale and ancillary markets in ERCOT and CAISO. Battery energy storage systems (BESS) play an essential role in balancing grids with high renewable energy. BESS owners face a critical challenge: determining how to maximise profits by strategically participating in wholesale and ancillary markets.

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Ali Karimian and Alden Phinney from GridBeyond discuss the importance of bid optimisation for battery energy storage systems (BESS) in ERCOT and CAISO markets. As BESS plays a crucial role in balancing grids with high renewable energy, owners face the challenge of maximising profits through strategic participation in wholesale and ancillary markets. The recent analysis by GridBeyond highlights significant revenue drops in ERCOT due to increased battery installations and renewable generation, emphasizing the need for robust bidding strategies to navigate these market dynamics.

Successful revenue optimisation requires a sophisticated approach that includes diversifying offerings between Day-Ahead and Real-Time markets, aligning bid strategies with battery capabilities, and utilising tailored Real-Time offer curves. Understanding regulatory frameworks and maintaining compliance is also essential for gaining a competitive edge. As both ERCOT and CAISO continue to evolve, operators must leverage advanced tools and adapt their strategies to optimise revenues and achieve favourable Profit and Loss outcomes in this rapidly changing energy landscape.

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What goes into successful energy storage bid optimisation in ERCOT and CAISO?

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