Why is Belgium a good place to invest in a battery?

Other factors that make Belgium an appealing location for battery investments are the exemption of TSO grid fees and high revenues from balancing market (mainly FCR and aFRR),” Simon De Clercq, senior research associate at Aurora Energy Research, told ESS News.

Does Eneco participate in the Belgian capacity auction?

All awarded capacity providers of the competitive auction receive financial compensation for the availability of their generation capacity in the Belgian energy market. Eneco is one of the largest utility companies in the Belgian electricity market for consumers and considers participating in the Belgian capacity auction with EES capacity.

When will battery energy storage system (BESS) be deployed?

The storage costs, intraday market income, payback obligation, and FCR income are modelled for the photo years 2020, 2025 and 2030. The Battery Energy Storage System (BESS) will be deployed in the Frequency Containment Reserve (FCR) market and intraday market because of the largest revenue potential.

Does Belgium need a nuclear power plant?

Belgium is not only challenged by the transition to renewable energy but must also deal with the total nuclear power phase-out by 2025. The country significantly depends on the seven nuclear power plants since they account for more than half of the national electricity production (depending on the availability of the reactors).

How did the energy crisis affect Belgian nuclear power?

“In 2022, the energy crisis led to a partial reversal of the Belgian nuclear phase-out. The lifetimes of the nuclear reactors of Doel 4 and Tihange 3, with a total capacity of 2.1 GW, were extended until 2035. This reduced the need for additional capacity in the Belgian power system.

Why is Belgium's storage fleet growing so fast?

Belgium’s storage fleet is growing at a fast pace, not the least due to the opportunity to secure contracted revenues via its CRM auctions. On the last day of October, system operator Elia published the results of the CRM auctions held this year, showing that a total of 450 MW of BESS had secured contracts.